China March CPI -1% m/m (-0.5% expected)

China inflation data for March 2025.

CPI -1.0% m/m

• expected -0.5%, previously +1.0%

CPI 0.1% y/y

• expected +0.4%, previously +0.7%

PPI -0.1% m/m

PPI -2.8% over one year

• expected -2.8%, previously -2.7%

–

Meanwhile, Chinese stocks opened lower, following Wall Street’s slump in the face of persistently high inflation.

–

At least one thing is clear: if you want low inflation, move to…