China’s CPI inflation rises to -0.3% YoY in December vs. -0.4% expected

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China’s CPI inflation rises to -0.3% YoY in December vs. -0.4% expected

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    China’s Consumer Price Index (CPI) fell 0.3% YoY in December after dropping 0.5% in November. The market forecast was a decrease of 0.4%.

    Chinese CPI inflation rose to 0.1% over the month in December versus the -0.5% figure seen in November and an acceleration of 0.2% estimated.

    China’s Producer Price Index (PPI) dropped 2.7% YoY in December, as against a 3.0% decline in November. The data missed expectations for a 2.6% decline in the reported period.

    At the time of writing, AUD/USD is cheering mixed Chinese data releases, holding gains just above 0.6700, up 0.31% on the day.

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