People used to laugh at Alstry's DEFLATION projection????
HONG KONG (MarketWatch) -- China's wholesale price index declined at a quicker pace in April, falling for the fifth-straight month, while consumer prices also accelerated to the downside, according to data released Monday by the National Bureau of Statistics.
Wholesale prices, as measured by the producer price index, dropped 6.6% from a year earlier, slightly further than expectations for 6.5% in a Dow Jones Newswire survey of analysts. The decline followed a 6.0% dip in March, with the index in negative territory since December.
The consumer price index fell 1.5% in April, its third month of contraction and a faster drop than the 1.2% decline posted in March. However, analysts said the results largely reflected the effects of softening food prices and were in line with expectations from the Dow Jones survey. Consumer price have been on a weakening trend since February.
As repeated consistently here on this blog.....Alstrynomics is all about being right.