Data Release: Chinese Consumer Prices Rise 3%, Below Expectations for a 3.1% Rise

Hello folks, here is the latest economic data from China, Chinese Consumer Prices Rise 3%, Chinese consumer prices were up 3% in November, modestly below expectations for a 3.1% rise. Meanwhile, producer prices fell 1.4%, missing expectations for a 1.5% fall. 

As reported from Business Insider, "CPI inflation could be quite close to 3.5% for the rest of 2013, triggering market concerns about policy tightening," wrote Bank of America's Ting Lu in December 1 note. "With weakened commodity prices and the 2.0% MoM drop in domestic fuel prices, PPI inflation could be -0.1% MoM and -1.5% YoY in November."