China inflation stable

Monday 9 December 2013

China has released its November inflation numbers and it’s stability in the CPI with 3% versus 3.1% expected. The PPI continues its extended run of deflation, easing slightly at 1.4% versus 1.5% expected:

Basically, little to be concerned about for now as food prices aren’t overwhelming and over-capacity keeps producer level inflation in check.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.