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Chinese Inflation Remains Below Target

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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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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