Inflation in China was up 2.4 percent on year in March, the government said on Friday.
That was in line with expectations and up from 2.0 percent in February.
Among the individual components, food prices jumped 4.1 percent on year, while non-food prices added 1.5 percent.
The data also showed that producer prices remained stuck in deflation,
contracting 2.3 percent on year. That missed forecasts for -2.2 percent
following the 2.0 percent decline in the previous month.
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newdigital, 2014.04.11 07:54
2014-04-11 01:30 GMT (or 03:30 MQ MT5 time) | [CNY - CPI]
if actual > forecast/actual = good for currency (for CNY in our case)
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China Inflation Rises 2.4% On Year In March
Inflation in China was up 2.4 percent on year in March, the government said on Friday.
That was in line with expectations and up from 2.0 percent in February.
Among the individual components, food prices jumped 4.1 percent on year, while non-food prices added 1.5 percent.
The data also showed that producer prices remained stuck in deflation, contracting 2.3 percent on year. That missed forecasts for -2.2 percent following the 2.0 percent decline in the previous month.
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AUDUSD M5 : 17 pips price movement by CNY - CPI news event