China: Consumer Price Inflation at 4.5% in January…
China’s inflation unexpectedly increased in January. Comparing with 2010 Consumer Price Inflation grew by seasonally adjusted 4.5% instead of 4.0% estimated.
December’s reading showed 4.1% reading.
The other report showed today that China’s Producer Price Inflation reached 0.7% from 1.7% year before.
Presented today data might be floating because of holiday timing in China.