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December CPI data bullish natural rubber trend



China Rubber News On Friday, Hujiao hit high and met resistance, and then returned to fall. The main reason was that the CPI data was slightly bullish for Hujiao. In December, the overall level of consumer prices nationwide rose by 2.5% year-on-year. Among them, urban prices rose by 2.5%, rural areas rose by 2.5%; food prices rose by 4.2%, non-food prices rose by 1.7%; consumer goods prices rose by 2.5%, and service items prices rose by 2.5%. In 2012, the overall national consumer price level rose by 2.6% over the previous year. Affected by higher food prices, the CPI growth rate may remain above 2% in the next few months.


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