CHINESE DATA - CPI, PPI

Boris Mikanikrezaiboris.mikanikrezai@fastmarkets.comMetals Analyst+44 (0) 20 7337 2151

	Month	ACTUAL	Forecast	Revision	Previous
CPI y/y	December	2.1%	2.2%	-	2.3%
PPI y/y	December	5.5%	4.6%	-	3.3%

Note: CPI in December missed slightly expectations because of vegetable prices. PPI in December is at the highest since September 2011.

In the whole of 2016, CPI rose 2% y/y after edging up 1.4% in 2015, still below the government's annual target of 3%. But PPI dropped 1.4% y/y in last year.

On net, the latest readings for December seem to have triggered renewed buying interest across the base metals.

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