Import, Export Prices Signal China Now Exporting Inflation

Following a mixed bag from CPI and PPI data, both import and export price inflation slowed YoY in February.

While import prices rose more than expected from January (+0.4% MoM vs +0.2% exp), export prices rose less than expected.

China's 'export' prices appear to have bottomed...

Which means China is now sparking an inflationary (albeit very modest) push to the world...