China’s National Bureau of Statistics (NBS) released a statement following the country’s inflation data.
Key points
In November, policy measures boosted industrial demand, reversing the month-on-month decline in the PPI and reducing its year-on-year decline.
China’s November year-on-year CPI rise hits five-month low, PPI year-on-year drop is smallest in three months.
In November, the core CPI, excluding food and energy prices, continued to rise, with a year-on-year increase of 0.3%, up 0.1 percentage points from the previous month.
In November, influenced by higher temperatures and a decrease in travel demand, the national CPI decreased month-on-month but recorded a slight increase year-on-year.
Market reaction
AUD/USD is consolidating its renewed rise near 0.6400, little affected by inflation data from China. The pair is up 0.19% on the day, at the time of writing.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
