China deflates, gas spikes, US CPI later
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Thursday 10th August 2023
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As expected, latest CPI data from China shows a country suffering the impact of deflation. It raises many questions including, could lower prices help calm inflation elsewhere. NAB\\u2019s Rodrigo Catril gives some perspectives today. Plus, oil and gas prices rise, for different reasons. We examine that. Latest spending data shows Australians continue to spend more, whereas New Zealanders have put a cap on their spending. Does that reinforce the expectations for the respective central banks and what is that doing to the spread of trans-Tasman bond yields? The key metric today, everyone is hanging out for, is the US CPI, out late tonight Australia time.
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