China CPI Hits Three-Year High as PPI Deflation Persists
December CPI rose 0.8% on seasonal food shifts, while PPI fell 1.9%, highlighting weak demand.

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Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
December CPI rose 0.8% on seasonal food shifts, while PPI fell 1.9%, highlighting weak demand.
With crude near $60 and breakevens around $80, heavy sour barrels need stability and incentives.
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