China CPI and PPI data for December

CPI +1.5% y/y

  • expected +1.5%
  • prior was +1.4%

The m/m CPI is +0.3% (+0.3% expected)

PPI -3.3% y/y (largest since September 2012)

  • expected -3.1%
  • prior was -2.7%
  • The m/m PPI is -0.6%
  • PPI has now fallen for 34 consecutive months

Recap of the data here at Bloomberg

–

China’s National Bureau of Statistics says the PPI fall in December is largely on account of the fall in global oil prices