China inflation data for December: CPI +0.2% y/y (expected 0.0%) & PPI -0.4% (expected -0.7%)
Slow inflation at the consumer level, negative at the business level.
- PPI -0.4% vs. expected -0.7% y/y, prior -1.5%
- CPI +0.2% expected 0.0% y/y, prior -0.5%
