UBS On-Air: Paul Donovan Daily Audio 'Missing demand'
UBS On-Air: Market Moves · Podcast owner
August 9, 20242m 31s
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Show Notes
China’s July consumer price inflation rose a little more than expected, but this was not a signal of better demand. Excluding food prices inflation moderated, suggesting broader demand remains anemic. Food price inflation was supported by supply constraints for fresh vegetables and pork, and this sort of inflation signals potential damage to consumer spending rather than being a response to better demand.