摘要
CHINESE ECONOMY TO REBOUND IN 2013Inflation in China rebounded from 33-month lows in November, with the Consumer Price Index （CPI） rising to 2.0 percent, up from the 1.7 percent registered in October （see Chart 1）. The slight increase dimmed chances for monetary policy easing as the economy continues to recover. Food was the key driver of con- sumer prices, with vegetable prices alone jumping 11.3 percent year on year. Factory gate prices also gained momentum, as the Producer Price Index （PPI） fell by 2.2 percent in November, eas- ing from October＇s 2.8 percent drop （see Chart 2）. While China＇s producer prices have dropped for nine straight months due to slower export growth and slumping domestic demand, the latest PPI reading should provide a boost to firms struggling with falling profits.
CHINESE ECONOMY TO REBOUND IN 2013Inflation in China rebounded from 33-month lows in November, with the Consumer Price Index （CPI） rising to 2.0 percent, up from the 1.7 percent registered in October （see Chart 1）. The slight increase dimmed chances for monetary policy easing as the economy continues to recover. Food was the key driver of con- sumer prices, with vegetable prices alone jumping 11.3 percent year on year. Factory gate prices also gained momentum, as the Producer Price Index （PPI） fell by 2.2 percent in November, eas- ing from October＇s 2.8 percent drop （see Chart 2）. While China＇s producer prices have dropped for nine straight months due to slower export growth and slumping domestic demand, the latest PPI reading should provide a boost to firms struggling with falling profits.
