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China's inflation rebounds on higher tech and energy prices
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https://think.ing.com/snaps/chinas-inflation-rebounds-in-august/
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ING THINK
China’s inflation rebounds on higher tech and energy prices
Lead — As China's August inflation shows a modest increase to 0.8% YoY, the data highlights a recovery driven by higher technology and energy prices, overshadowing persistent deflation in food costs. Per the full note from ING, while food prices have depressed broader consumer indices, the rise in tech input prices and a significant rebound in transport fuel prices indicate underlying inflationary pressures. This mixed inflationary backdrop suggests potential shifts in policy considerations by the PBoC and indicates market readiness for volatility. Traders should remain mindful of the implications for the CNY as these inflation dynamics evolve.
ING Economics