OctaFX | OctaFX Forex Broker
Open trading account
Back

China's CPI eases to 1.9% y/y in December, misses estimates

According to the latest data published by China’s the National Bureau of Statistics (NBS) on Thursday, the Chinese Consumer Price Index (MoM) eased to % in December vs. +0.3% exp and -0.3% last while Consumer Price Index (YoY) eased to 1.9% last month vs. 2.1% exp and 2.2% booked in November.

Meanwhile, China’s Producer Price Index (YoY) (December) arrived at 0.9% in vs. 1.6% exp and 2.7% last.           

About China CPI

The Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchasing power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A substantial consumer price index increase would indicate that inflation has become a destabilizing factor in the economy, potentially prompting The People’s Bank of China to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.

China Producer Price Index (YoY) came in at 0.9%, below expectations (1.6%) in December

China Producer Price Index (YoY) came in at 0.9%, below expectations (1.6%) in December
Read more Previous

China Consumer Price Index (MoM) came in at 0% below forecasts (0.3%) in December

China Consumer Price Index (MoM) came in at 0% below forecasts (0.3%) in December
Read more Next
Start livechat