China just sent a shockwave warning of potential trouble ahead with the worst PPI (Producer Price Index) or so called ‘factory gate inflation’ print since the GFC. Coming in above already high expectations of 8.5%, the 9.0% print was also just shy of the all time record of 10% during the GFC. However the kicker was that CPI only rose by 1.3% which was less than expectations of 1.6%. The difference between PPI and CPI is the greatest since 1993.
Chart images: https://www.ainsliebullion.com.au/gold-silver-bullion-news/china-e2-80-99s-ppi-near-all-time-record/tabid/88/a/2526/default.aspx
Or our YouTube for today: https://youtu.be/6oDZC1uaEFc
