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China January CPI +4.5%
Finally we get the correct number after the earlier false start, but the outcome is the same with the AUD lower on the higher than expected Chinese inflation data. Food CPI is +10.5% YoY and this is one phenomenon which is consistent the world over, rising food prices. China will be reluctant to ease policy in the face of any inflationary threat and that might curtail domestic investment and so affect demand for resources.