CPI y/y
Wednesday 09 August 2023 01:30am
- Actual-0.3%
- Forecast-0.4%
- Previous0.0%
Source : National Bureau of Statistics
Currency : CNY (Chinese Yuan Renminbi)
Information
-
Effect
Real greater than expected is good for the currency
-
Abbreviation Explanation
Consumer Price Index (CPI);
-
Release Date Details
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates;