Feb 10, 2011
5:10:00 PM
| Last Updated
China’s CPI likely increased 5.2% y/y in January 2011, up from the 4.6% pace of December. However, there is a chance that the National Bureau of Statistics has rebalanced the consumer basket—it has been five years since the last revision—and we have not factored such a move into our forecast. We estimate that nonfood prices increased 2.3% y/y in January, the largest annual increase since at least 2005. Additionally, food prices jumped more than normal ahead of the Spring Festival, and we have penciled in an 11%[...]
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