China’s consumer inflation picked up but was below expectations ... limp demand ...Middle East

The data is here:China August 2024 CPI +0.6% y/y (expected +0.7%)As a recap:consumer inflation picked up, rose for a seventh consecutive monthCPI was below expectationsthe month saw supply constraints caused by abnormal weatherbut concern persists over limp demand As for PPI, factory-gate prices in August fell for a 23rd straight month of contraction, at a much faster than expected pace. This article was written by Eamonn Sheridan at www.forexlive.com.

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