Today, the CPI for both China and the US dropped at the same time!
China's May CPI year-over-year is +1.2% (flat from last month, expected 1.3%)
month-over-month -0.1%, core CPI +1.1%.
Food prices are dragging, with pork continuing to drop; however, industrial consumer goods surged by 3.9% due to rising oil prices, keeping overall prices stable.
The US May CPI year-over-year is +4.2% (up from last month’s 3.8%, in line with expectations)
month-over-month +0.5%, core CPI +2.9%.
Energy prices skyrocketed by 23.5% (gasoline +40.5%), becoming the biggest driver,
Inflation pressure is clearly on the rise
Looks like no hope for a rate hike
$BTC $XAUT
China's May CPI year-over-year is +1.2% (flat from last month, expected 1.3%)
month-over-month -0.1%, core CPI +1.1%.
Food prices are dragging, with pork continuing to drop; however, industrial consumer goods surged by 3.9% due to rising oil prices, keeping overall prices stable.
The US May CPI year-over-year is +4.2% (up from last month’s 3.8%, in line with expectations)
month-over-month +0.5%, core CPI +2.9%.
Energy prices skyrocketed by 23.5% (gasoline +40.5%), becoming the biggest driver,
Inflation pressure is clearly on the rise
Looks like no hope for a rate hike
$BTC $XAUT