China inflation data y/y for November. CPI 4.5% (expected 4.3%) PPI -1.4 % (expected -1.5%)

Data from China. 
For the m/m readings:
– CPI +0.4%
– PPI -0.1%
 Food prices a big contributor to the CPI rise:
– food CPI +19.1% y/y
– non-food just +1.0% y/y
 As I posted in the preview earlier, a huge disparity
between consumer and producer level inflation expectations. Pork
price rises playing a big role pushing up the CPI (core inflation is
around 1.5%