Global Economic Indicators: China Inflation & Deflation December, 17 Dr. Edward Yardeni 51-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents Producer Price Index 1-3 Consumer Price Index - China vs. US Inflation 7-9 December, 17 / Global Economic Indicators: China Inflation & Deflation www.
1 1 Figure 1. CHINA: CPI & PPI Producer Price Index 1 1 - - - - - - -1 1997 199 1999 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: China National Bureau of Statistics. CPI (1.7) PPI: Total Industrial Products (5.) - - -1 1 15 Figure. CHINA: RAW MATERIALS & MANUFACTURING PPI 1 15 1 9 1 9 3 3-3 - -9 Raw Materials (9.7) Manufacturing (.3) -3 - -9-1 -15 1997 199 1999 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: China National Bureau of Statistics. -1-15 Page 1 / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
Producer Price Index 1 1 Figure 3. CHINA: LIGHT & HEAVY INDUSTRY PPI 1 1 - - - Heavy Industry (-5.7) Light Industry (-.9) Mar - -1-1 -1 199 1999 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: China National Bureau of Statistics. -1 1 Figure. CHINA: RAW MATERIALS PPI 1 75 75 5 5 5 5-5 Chemical (.) Coal (.) Ferrous Metals (7.5) Nonferrous Metals (13.5) -5-5 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: China National Bureau of Statistics. -5 Page / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
Figure 5. CHINA PPI: CONSUMER GOODS Producer Price Index - - - - - Durable Goods (.) Daily-Use Articles (1.7) - - - -1 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: China National Bureau of Statistics. -1 Page 3 / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
1 Figure. CHINA: CONSUMER PRICE INDEX Total (1.7) Consumer Price Index 1 - - 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 - - 3 Excluding Food (.5) 3 1 1-1 -1 - - -3 1 1 - - 5 3 1-1 - 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 Consumer Goods (.9) 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 Services (3.1) 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 Source: Haver Analytics. -3 1 1 - - 5 3 1-1 - Page / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
Consumer Price Index 3 Figure 7. CHINA: CONSUMER PRICE INDEX Medicine, Medical Care & Personal Articles (7.) 1 1-1 Fuel & Power (.) - 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 - - Clothing (1.) Transportation & Communication (1.3) - - - - 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19-15 1 1 5-5 Housing (.) Recreation, Education & Cultural Services (.) 1 - - -1 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19-1 5 Household Facilities, Articles & Repair Services (1.5) Tobacco & Liquor Products (3.9) Dec -5 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 - Source: Haver Analytics. Page 5 / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
Consumer Price Index Figure. CHINA: CONSUMER PRICE INDEX Fresh Vegetables (-9.5) 5 3 Food (-1.1) 3 1 1-1 - -1 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19-3 5 Meat, Poultry & Related Products (-.) Fresh Fruits (3.7) 3 1-1 - - 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19-3 5 Eggs (5.) Grain (1.5) 3 1-1 - - 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19-3 Source: Haver Analytics. Page / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
1 Figure 9. CONSUMER PRICE INDEX China vs. US Inflation 1 - China (1.7) US (.) - - 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: Bureau of Labor Statistics and China National Bureau of Statistics. - 1 1 1 1 1 - - - Figure 1. CONSUMER PRICE INDEX: FOOD China: Food (-1.1) US: Food at Home (.) 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: Bureau of Labor Statistics and China National Bureau of Statistics. 1 1 1 1 1 - - - Page 7 / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
Figure 11. CONSUMER PRICE INDEX EX FOOD China vs. US Inflation - China (.5) US (.) - - 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: Bureau of Labor Statistics and China National Bureau of Statistics. - 1 1 Figure 1. PRODUCER PRICE INDEX 1 1 - - - - - -1 China: Total Industrial Products (5.) US: Finished Goods (3.) 9 99 1 3 5 7 9 1 11 1 13 1 15 1 17 1 19 Source: Bureau of Labor Statistics and China National Bureau of Statistics. - - - -1 Page / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
3 3 1 1 1 1 1 - - - - -1-1 -1-1 -1 Figure 13. CHINA: RAILWAYS FREIGHT TRAFFIC & PPI 3 5 7 9 1 11 1 13 1 15 1 17 1 Source: China National Bureau of Statistics. China vs. US Inflation Railways Freight Traffic (.) PPI (5.) Oct 3 3 1 1 1 1 1 - - - - -1-1 -1-1 -1 Page 9 / December, 17 / Global Economic Indicators: China Inflation & Deflation www.
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