Chinese inflation data out over the weekend
- o.o% prev
- yy +1.6% as exp vs +1.5% prev
- PPI Dec yy -5.9% vs -5.8% exp vs -5.9% prev
Eamonn had the heads-up on the release with a link to a free Livesquawk trial here
The data highlights China's, indeed much of the major global economy's, on-going battle with low inflation.
Slightly stronger than expected CPI, getting a boost mainly from food price inflation, which increased by 2.7% in over the year terms. Non-food prices rose 1.1%. A good improvement on last month is tempered by the worse than expected PPI although that's understandable given the slump in commodity prices. Still marking a 46th straight month of declines nonetheless and keeping the pressure on for further easing.
CPI increased 1.4% in 2015 against the year before, which is much below the 3% target set by the government, according to a report by the Chinese National Bureau of Statistics
We should expect more fireworks from China this week and traders must therefore stay on high alert.
For a full calendar of 2016 Chinese data check out the National Bureau of Statistics
Enjoy the remainder of your week-end one and all. Get some rest in preparation for another nutty week ahead.
Chinese CPI mm
