Yesterday we got Chinese inflation data for December, CPI and PPI
ICYMI:
CPI 2.1% y/y
– expected 2.2%
– prior 2.3%
PPI 5.5% y/y
– expected 4.7%
– prior 3.3%
Yes, you read that right, a huge jump in PPI.
China inflation: PPI surge “a notable increase in potential pipeline pressures”
