China CPI Inflation In January At 4.9%; PPI Inflation At 6.6%

(For January 2011)

China Consumer Price Index was up 4.9% in January, vs. 5.4% consensus and 4.6% December reading . Lower food price inflation has pushed the number lower. The CPI basket was changed (less food in it, more housing), but as far I can tell this didn’t change the reading much.

This is quite positive, I expect the monetary tightening will continue, but without the need for aggressive actions.

China Producer Price Index was up 6.6% vs. 6.2% consensus and 5.9% December reading.


This entry was posted on Tuesday, February 15th, 2011 at 3:41 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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