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China's Jan CPI a tad lower-than-expected

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    China's January CPI came in at 1.8% y/y, which is slightly below 1.9% expected, while the PPI was also a tad lower at -5.3% y/y vs -5.4% last. On a mothly basis, Jan figures were flat at 0.5%, in line with both expectations and last.

    The tepid inflation data in China continues to suggest global deflationary pressures. That said, the recent massive increase in Chinese credit growth should cap downside risks to any significant decline in prices as the PBOC remains focus on stimulating growth in the country rather than deleveraging a highly indebted nation.
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