Chinese CPI 4.6%, exactly as leaked

2010 GDP was 10.3%, also exactly as leaked.

• December retail sales +19.1% YoY
• December industrial output +24.5% YoY
• December producer prices +0.7% MoM, +5.9% YoY
• December consumer prices +0.5% MoM, +4.6% MoM

The AUD has rebounded toward session highs as the much feared higher-CPI number didn’t eventuate therefore lessening the chances of any rate hikes before the Chinese New Year celebrations start on February 3rd.