China is doing great with inflation

The consumer price index in the PRC increased by 0.5 percent over the month, in line with forecasts.

In year-on-year terms, inflation in the consumer sector also rose, but below forecasts. Over the year, consumer prices rose by only 2.7%, up from 2.5% last year.

In the manufacturing sector, the situation is similar. Producer inflation in annual terms was 4.2%, with the forecast of 4.8%.