Chinese inflation roars

Tuesday, 14 February 2017

Chinese inflation is running hot. CPI for January is out at 2.4% and the PPI is 6.9%:

Unbelievably, both measures are running ahead of my very aggressive outlook. Expect tightening to continue until commodities fold. Coal is the leading indicator not iron ore.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.