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On April 10th, Dong Lijuan, Chief Statistician of the Urban Division of the National Bureau of Statistics, interpreted the CPI data for March 2026. The national CPI continued its moderate year-on-year increase, with the rate of increase slightly declining to 1.0%. Among them, the price of industrial consumer goods rose by 2.2%, an increase of 1.1 percentage points compared to the previous month, contributing approximately 0.67 percentage points to the year-on-year CPI increase. The national CPI decreased by 0.7% month-on-month, mainly due to the seasonal decline in food and service prices. Food prices, which rose by 1.9% in the previous month, fell by 2.7%, contributing approximately 0.48 percentage points to the month-on-month decrease in CPI. Within the food category, influenced by factors such as increased supply due to warmer weather and a decline in demand after the holidays, the prices of fresh vegetables and fresh fruits fell by 10.1% and 3.3% respectively, while the prices of pork, eggs, and aquatic products fell by 7.3%, 3.4%, and 2.6% respectively. These five items combined contributed approximately 0.45 percentage points to the month-on-month decrease in CPI.April 10th - In March 2026, the national consumer price index (CPI) rose 1.0% year-on-year. Specifically, urban areas saw a 1.1% increase, while rural areas experienced a 0.9% rise. Food prices increased by 0.3%, and non-food prices rose by 1.2%. Consumer goods prices rose by 1.3%, and service prices rose by 0.8%. On average, from January to March, the national CPI rose 0.9% compared to the same period last year. Month-on-month, the national CPI fell 0.7% in March. Specifically, urban areas saw a 0.7% decrease, while rural areas experienced a 0.5% decrease. Food prices fell by 2.7%, and non-food prices fell by 0.2%. Consumer goods prices fell by 0.3%, and service prices fell by 1.1%.Chinas PPI rose 1% month-on-month in March, compared with 0.4% in the previous month.Chinas PPI rose 0.5% year-on-year in March, below the expected 0.40% and the previous reading of -0.90%.April 10th - According to the Chinese Service Center for Scholarly Exchange under the Ministry of Education, by 2025, the number of Chinese students studying abroad will exceed 570,000, and the number of students returning to China will reach 535,600.

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

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The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.


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