Chinese Consumer Price Index stayed under the expectations with an increase of 0.2 % in December. According to the data released today in China, the Consumer Price Index (CPI) rose by 0.2 % in December and by 2.1 % year on year, falling below market expectations. However, producer inflation recorded the fastest increase in the last five years. The Producer Price Index (PPI) rose 1.6 % month-on-month and 5.5 % year-on-year. We can say that the recent inflationary pressures on the global economy are reflected in Chinese data. Undoubtedly, the biggest reason for this is the rise in oil prices. However, it may take some time to reflect on the production costs of increasing production costs.
- Date: 10 January 2017 Tue 07:44
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