No exit wave of inflation
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China’s stats bureau (NBS) released the inflation data for December on Thursday.
The headlines:
The consumer price index (CPI) rose 1.8% y/y in December, up from 1.6% in November.
The producer price index (PPI) fell 0.7% y/y in December, less than the 1.3% decline in November.
The PPI reading show...