CPI y/y - (CNY) - 08/07

 

What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates. The average price of various goods and services are sampled and then compared to the sampling done a year earlier.

When? At 9:30pm Eastern Time. 

Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.

  

 

 

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