China – Dec consumer price index
11/01/2018 10:01 am MYT
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The consumer price index (CPI) in Dec rose 0.3%, month-on-month, and 1.8%, year-on-year – see table 1. Food prices rose 1.1%, month-on-month, but fell 0.4%, year-on-year. Non-food prices rose 0.1%, month-on-month, and 2.4%, year-on-year. Excluding food and energy, the CPI rose 0.1%, month-on-month, 2.2%, year-on-year. For the whole of 2017, the CPI rose 1.6% from 2016. The mild inflation rate was mainly due to a 1.4% fall in food prices, which recorded its first contraction since 2003 following an 8.1% decline in the prices of fresh vegetables as well as an 8.8% contraction in pork prices.


The ex-factory producer price index (PPI), a leading indicator of the CPI, rose by 4.9%, year-on-year, in Dec. For the whole of 2017, the PPI rose 6.3% from 2016, ending 5 consecutive years of decline – see figure 1. i Capital expects the inflation rate to be between 2-3% in 2018.


Note from Publisher
One of the reasons Tan Teng Boo set up Capital Dynamics is to help genuine investors achieve superior returns by investing properly. Therefore, Teng Boo and Capital Dynamics have always place great emphasis on investor education. While providing sound investment advice, the contents of i Capital and are written with the objective of teaching subscribers the important ingredients of sound investing. Once again, we urge subscribers to put in the time and efforts to read the entire issue of i Capital every week; your efforts will definitely not be wasted.

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