• prior was -0.1%
  • Food prices up 0.6% m/m
  • Non-food prices up 0.1% m/m
  • 2013 inflation CPI has been announced as well, in at 2.6%

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For the y/y, comes in at +2.5% y/y

  • expected was +2.7%, prior was +3.0%

PPI data is here

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I”m hearing different reactions to the data:

  • Low inflation gives the government more room to move on stimulus and reforms and is good news
  • Low CPI is a reflection of a slowing economy and is bad news

take yer pick.