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Chinese Consumer Prices Spike Most In 5 Years As Food Costs Soar

Courtesy of ZeroHedge. View original post here.

Yuan is tumbling after Chinese Consumer prices spiked 2.9% YoY in February – the biggest jump in inflation since Nov 2013.

Consumer prices jumped 1.2% MoM and 2.9% YoY (considerably higher than the 2.5% jump expected).

The biggest driver of the price surge being food (something few can do without) which soared 4.4% – the biggest jump since June 2016.

On the other hand producer prices rose less than expected, up 3.7% YoY in Feb (vs 3.8% exp and 4.3% in Jan)…

With China’s credit impulse slowing (if not reversing) and food inflation soaring, we suggest those who are hoping for more easing from China (which is actively pitching itself as managing leverage and derisking) not hold their breath for too long.

And the Yuan is selling off…


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