China November CPI Inflation At 4.2%; PPI Inflation At 2.7%
(For November 2011)
China Consumer Price Index was up 4.2% in November, vs. 4.5% consensus and 5.5% October reading. Food inflation eased from 11.9% to 8.8%..
China Producer Price Index fell to 2.7% from 5.0% in October. Consensus was at 3.4%.
I believe Chinese monetary authorities will ease fast.