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9 Jan 2015
China inflation data mixed – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares that China’s inflation data came out mixed, with December CPI rising to 1.5%, and the yearly CPI at 2.0% remaining unchanged.
Key Quotes
“China inflation data were mixed, as December CPI matched expectations of 1.5% and also marked the first y/y sequential increase in 7-months, having hit a 5-year low of 1.4% in November. For the year, 2014 CPI came in at 2.0%, unchanged from YTD level in Nov and also well below 3.5% official target. Wholesale inflation - PPI - was in the red for the 34th consecutive month and also deteriorated to -1.9% for 2014 from -1.8% YTD in November.”
“After posting a record surplus last month on the back of falling imports, China will release its trade data over the weekend.”
Key Quotes
“China inflation data were mixed, as December CPI matched expectations of 1.5% and also marked the first y/y sequential increase in 7-months, having hit a 5-year low of 1.4% in November. For the year, 2014 CPI came in at 2.0%, unchanged from YTD level in Nov and also well below 3.5% official target. Wholesale inflation - PPI - was in the red for the 34th consecutive month and also deteriorated to -1.9% for 2014 from -1.8% YTD in November.”
“After posting a record surplus last month on the back of falling imports, China will release its trade data over the weekend.”