China February CPI Inflation At 4.9%; PPI Inflation At 7.2%
(For February 2011)
China Consumer Price Index was up 4.9% in February, vs. 4.8% consensus and 4.9% January reading .
In line with expectations, I expect the monetary tightening will continue, but without the need for aggressive actions.
China Producer Price Index was up 7.2% vs. 7.0% consensus and 6.6% January reading. Running ahead of expectation, have to watch this closely.
