China January CPI: 1.8% y/y (expected 1.9%) and PPI: -5.3% y/y (expected -5.4%)

January CPI and PPI from China, January

• CPI expected was 1.9%, prior of 1.6%
• PPI expected was -5.4%, prior was -5.9%

For m/m, CPI +0.5% and PPI -0.5%

Inflation a little higher than last month's result. There is commentary about that the bump higher in inflation is a positive sign. But check out that PPI ... still very very low and indicative of maybe not a lot of inflation in the pipeline.