Breaking: China’s CPI inflation picks up to 0.8% YoY in December vs. 0.9% expected
Source Fxstreet
China’s Consumer Price Index (CPI) rose at an annual rate of 0.8% in December after reporting a 0.7% increase in November, the country’s National Bureau of Statistics (NBS) reported on Friday. The market forecast was for a 0.9% growth in the reported period.
Chinese CPI inflation came in at 0.2% month-over-month (MoM) in December versus the previous reading of -0.1%.
China’s Producer Price Index (PPI) declined by 1.9% over the year in December, following a 2.2% fall in November. The data came in better than the market expectation of -2.0%.
Market reaction to China’s inflation data
more to come ....
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