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Chinese CPI 4.9%

Written by Sam Coxhead on March 11th, 2011.      0 comments

3:30 PM (NZT) Chinese Inflation numbers for February were just released, the number of 4.9% was just ahead of expectations, and is a number that will keep pressure on authorities to put further measures in place to curb the inflationary pressure. With the AUD being the proxy for investing in China because of its strongly correlated price action, the persistantly high inflationary pressure represents downside risk.

In other data released  in China :
  • February consumer prices rose 1.2% MoM and 4.9% YoY
  • Producer prices +7.2% YoY (6.9% expected)
  • Industrial output +14.2% YoY
  • Retail sales +15.8% YoY
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  • The AUD/USD has stablised after looking weak in the offshore session after China's trade balance was worse than expected yesterday and is currently trading at 1.0030

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