Mr_J__fx

$CNIRYY - Deflationary CPI

Mr_J__fx Updated   
ECONOMICS:CNIRYY   China Inflation Rate YoY
- While USIRYY numbers remain inflationary,
having the latest increase to 3.2% on August 10th,
on the other side of the World from the second Global Superpower,
CNIRYY came Deflationary at negative 0.3% on 9'th of August,
just a day prior to numbers of USIRYY .

Note that The Head of Federal Reserve,
our pal Jerome Powell,
stated that Feds do not see Inflation USIRYY coming down to their norm target of 2% CPI
by 2025.
Jerome still believes on a 'Soft Landing'..

How about another Joke, Powell !?


Comment:

China's CPI remained unchanged in September 2023 from a year earlier, following a 0.1% rise in the previous month and falling short of the market consensus for a 0.2% gain. The latest data indicated persistent deflationary pressures in the world's second-largest economy, raising concerns about the sustainability of the economic recovery due to sluggish demand. Food prices dropped by 3.2% (vs -1.7% in August), driven by a steeper decline in pork prices (-22% vs -17.9%). Meanwhile, non-food inflation accelerated to 0.7% (vs 0.5% in August), driven by price increases in clothing (1.1%, the same as in August), housing (0.2% vs 0.1%), health (1.3% vs 1.2%), and education (2.5%, the same as in August). At the same time, prices for transport fell at a slower rate (-1.3% vs -2.1%). The annual core inflation rate, which excludes food and energy prices, remained unchanged at 0.8% in September. On a monthly basis, the CPI rose by 0.2% in September, compared to the consensus of 0.3%.

source: National Bureau of Statistics of China
Comment:
CNIRYY

Monthly, the CNIRYY CPI unexpectedly fell by 0.2%,
compared with the consensus of a flat figure and after a 0.2% rise in September.
China's consumer prices dropped by 0.2% YoY in October 2023,
compared with a flat reading in the prior month and forecasts of a 0.1% fall.
Core consumer prices, which exclude prices of food and energy, increased by 0.6% yoy in October, the least in 4 months
Comment:
CNIRYY November's 2023 CPI


China's Consumer Prices fell by 0.5% YoY in November 2023,
steeper than a 0.2% drop in the prior month and compared with market forecasts of a 0.1% fall.
It was the fastest decline in the CPI since November 2020,
as the cost of food decreased at the strongest pace in over two years (-4.2% vs -4.0% in October)
Meantime,
non-food inflation notably slowed (0.4% vs 0.7%),
due to moderation in the cost of education (1.8% vs 2.3%) and a quicker drop in transport prices (-2.4% vs -0.9%).
Simultaneously, inflation was unchanged for both housing (at 0.3%) and health (at 1.3%) while accelerating for clothing (1.3% vs 1.1%).
Core consumer prices, which exclude prices of food and energy, increased by 0.6% yoy in November, the same as in October.
Monthly, the CPI also dropped by 0.5%, compared with consensus and October's figure of a 0.1% decrease.

source: National Bureau of Statistics of China
Comment:
CNIRYY (December 2023 data)
China's consumer prices fell by 0.3% YoY in December 2023,
marking the third straight month of decline which was the longest streak of drop since October 2009.
Figures came less than market forecasts of a 0.4% fall while moderating from the steepest decrease in 3 years of 0.5% for November, with food prices declining the least since September (-3.7% vs -4.2% in November) as pork prices fell at a softer rate.
Meanwhile, non-food inflation edged higher (0.5% vs 0.4%), as cost continued to rise for clothing (1.4% vs 1.3%), housing (0.3% vs 0.3%), health (1.4% vs 1.3%), and education (1.8% vs 1.8%); while a decline transport prices eased slightly (-2.2% vs -2.4%).
Core consumer price, which exclude prices of food and energy, increased by 0.6% yoy in December, the same as in the previous two months.
For the full year, consumer prices rose by 0.2%. Monthly, the CPI inched up by 0.1%, pointing to the first rise in three months but falling below the consensus of a 0.2% rise.

source: National Bureau of Statistics of China
Comment:
CNIRYY (January 2024)
China's consumer prices fell by 0.8% yoy in January 2024,
the most in more than 14 years and worse than market forecasts of a 0.5% fall. It was the fourth straight month of decline in CPI, the longest streak of drop since October 2009.
Food prices declined at a record pace (-5.9% vs -3.7% in December).
Meanwhile,
non-food inflation was down to 0.4% (vs 0.5%), as a decline in transport prices quickened (-2.4% vs -2.2%) while cost continued to rise for clothing (1.6% vs 1.4%), housing (0.3% vs 0.3%), health (1.3% vs 1.4%) and education (1.3% vs 1.8%). Core consumer prices, which exclude prices of food and energy, increased by 0.4% yoy in January, the softest rise since last June, after a 0.6% gain in the prior three months.
Monthly, the CPI rose by 0.3%, indicating the second straight month of increase and hitting its highest level since last August. In 2023, consumer prices rose by 0.2%.

source: National Bureau of Statistics of China

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