Hong Kong stocks hit 4-year high as China inflation data boosts rate cut hope

Hong Kong stocks hit 4-year high as China inflation data boosts rate cut hope

Consumer prices on the mainland slipped 0.4 per cent in August from a year earlier, compared with estimates of a 0.2 per cent decrease.

China inflation drops to six month low

China’s consumer prices have fallen at their fastest rate in six months, with the consumer price index dropping 0.4 percent year-on-year in August.

China CPI falls -0.4% yoy, core inflation hits 2-1/2 year high - Action Forex

China’s consumer prices slipped deeper into deflation in August, with CPI down -0.4% yoy after July’s flat reading, worse than expectations of -0.2% yoy and the weakest in six months. Food prices were the main drag, falling -4.3% yoy versus -1.6% yoy previously. On a monthly basis, CPI was unchanged, undershooting forecasts for a small […] The post China CPI falls -0.4% yoy, core inflation hits 2-1/2 year high appeared first on Action Forex.