Chinese Inflation Remains Below Target

Chinese inflation data for June came in line with expectations on a year-over-year basis when they were released on Monday.

Those figures are closely watched by investors for what they say about the strength of the Chinese economy.

China’s Consumer Price Index rose 1.5 percent year-on-year in June, according to the National Bureau of Statistics. The Producer Price Index, meanwhile, rose 5.5 percent against the same time last year, the bureau reported. Both of those figures matched Reuters analyst forecasts.

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.