China’s Consumer Price Index (CPI) dropped 0.8% YoY in January, having declined 0.3% in December. The market expectation was for a 0.5% decrease.

Chinese CPI inflation climbed to 0.3% over the month in January versus the 0.1% print in December,  missing the 0.4% increase expected.

China’s Producer Price Index (PPI) fell 2.5% YoY in January, compared with a 2.7% drop seen in November. The data beat expectations for a 2.6% decline in the reported period.