11 Apr 2014
Chinese inflation still below target – Danske Bank
FXStreet (Edinburgh) - Analyst Jens Pedersen noted the Chinese CPI came in below expectations in March.
Key Quotes
“Chinese CPI inflation rose to 2.4% y/y in March from 2.0% y/y in February, which was in line with consensus and a bit above our own expectations”.
“Although inflation accelerated it remains below the government’s full year target of 3.5% y/y and the 2.3% y/y drop in PPI highlights that there is currently no inflationary pressure in China”.
Key Quotes
“Chinese CPI inflation rose to 2.4% y/y in March from 2.0% y/y in February, which was in line with consensus and a bit above our own expectations”.
“Although inflation accelerated it remains below the government’s full year target of 3.5% y/y and the 2.3% y/y drop in PPI highlights that there is currently no inflationary pressure in China”.