ICYMI - Chinese CPI and PPI data over the weekend showed risk of further deflation spiral ...Middle East

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CPI:

-0.1% y/y (expected -0.1%, prior -0.1%)+0.1% m/m (prior -0.4%)Core (ex food and energy) unchanged at +0.5% y/y

-2.7% y/y (expected -2.8%, prior -2.5%)PPI has been in deflation for more than two years

Graph from Goldman Sachs doing the social media rounds

This article was written by Eamonn Sheridan at www.forexlive.com.

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