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China’s CPI inflation steadies at 0.3% YoY in May vs. 0.4% expected – Crypto News

Published

2 years ago

June 12, 2024

Dripp

China’s Consumer Price Index (CPI) increased by 0.3% over the year in May, at the same pace as seen in April. The reading missed expectations for a 0.4% growth in the reported period.

Chinese CPI inflation came in at -0.1% MoM in May versus April’s 0.1% increase, worse than the 0% expected.

China’s Producer Price Index (PPI) dropped 1.4% YoY in May, as against the previous decline of 2.5%. The market forecast was for a 1.5% decrease.

Market reaction to China’s inflation data

AUD/USD is unfazed by the mixed Chinese inflation data, losing 0.05% on the day to trade near 0.6610 after the data release.

Australian Dollar PRICE Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Canadian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.00%	0.02%	-0.03%	-0.02%	-0.03%	0.02%	0.01%
EUR	-0.01%		0.01%	-0.07%	-0.06%	-0.06%	0.00%	0.01%
GBP	-0.02%	-0.01%		-0.04%	-0.06%	-0.04%	0.02%	0.00%
JPY	0.03%	0.07%	0.04%		-0.02%	-0.01%	0.03%	0.04%
CAD	0.02%	0.06%	0.06%	0.02%		-0.00%	0.07%	0.04%
AUD	0.03%	0.06%	0.04%	0.00%	0.00%		0.06%	0.07%
NZD	-0.02%	-0.00%	-0.02%	-0.03%	-0.07%	-0.06%		-0.01%
CHF	-0.01%	-0.01%	-0.00%	-0.04%	-0.04%	-0.07%	0.00%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).