China: December inflation rises to 2.5% y/y, 7-month high

By FXstreet.com,  January 10, 2013, 08:45:00 PM EDT

FXstreet.com (San Francisco) - According to the National Bureau of Statistics of China, the nation's Consumer Price Index ( CPI ) figures came in better than expected at a 7-month high of 2.5% y/y (exp: 2.3%) in the year to December 2012 from a rise of 2.0% last month; and 0.8% m/m, modestly higher than the 0.5% expected. The Producer Price Index (PPI) y/y exceeded the consensus forecast of -1.8% and registered -1.9% this month from -2.2% last month. China's yuan has risen to 19-year highs after release of this data.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: CPI



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