China’s consumer price index (CPI) rose a less-than-expected 3 percent in November from a year earlier, compared with a 3.2 percent rise in October, data released on Monday showed.
Analysts polled by Reuters had forecast the November CPI at 3.2 percent. The November CPI fell 0.1 percent measured on a month-on-month basis, compared with analysts’ expectations in a Reuters poll for a flat reading.
“It’s basically the same as market exceptions. I don’t think the inflation figures will have any impact on the market today,” said Chi Lo, senior strategist, Greater China at BNP Paribas Investment Partners.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.