Inflation data from China for December 2016
CPI 2.1% y/y
– expected 2.2%
– prior 2.3%
PPI 5.5% y/y
– expected 4.7%
– prior 3.3%
That’s another very strong PPI result, at its strongest since September of 2011. Commodity price surge driving this strong PPI, and softer yuan pushing up the price of imports.
China December CPI: 2.1% y/y (expected 2.2%) and PPI 5.5% y/y (expected 4.7%) prior 2.3%
