The Chinese December Inflation figures were released – reported here (CPI, PPI) – but I didn’t get a chance to have much of a look at them with all the activity in the Yen.
Recap from Bloomberg: China Dec. Inflation 2.5%, Exceeding Economists’ Est.
- China’s inflation accelerated more than forecast to a seven-month high as the nation’s coldest winter in 28 years pushed up vegetable prices, a pickup that may limit room for easing to support an economic recovery…
- The quickening in inflation makes further policy loosening less likely, after data yesterday on exports and credit growth underscored the strength of China’s economic rebound.
—
CPI (graph includes today’s release):
And the PPI graph:
