China’s Consumer Price Index eases to 1.6% YoY in November vs. 1.0% expected
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
China’s Consumer Price Index (CPI) softened to 1.6% in November on an annualized basis when compared to the 2.1% print booked in October, the latest data from the National Bureau of Statistics (NBS) showed on Friday. The market consensus was for a reading of 1.0%.
The country’s monthly CPI arrived at -0.2% vs. 0.1% expected and 0.1% previous.
The NBS reported that the November food CPI came in at +3.7% from a year ago while non-food CPI increased by +1.1%.
The factory-gate prices in China, represented by the Producer Price Index (PPI), fell 1.3% in the reported month as against -1.5% expected and a 1.3% decrease reported in October.
AUD/USD was little impacted by the Chinese inflation figures, as it held its higher ground near 0.6800, adding 0.46% on the day, as of writing.
[/s2If]
Join Our Telegram Group
