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The China CPI and PPI were released this morning. What caught attention was the adjustment made to the calculation methodology – basically a recalibration of the indices. According to information, this adjustment should have a very small impact, around 0.06 to 0.08 percentage points on the year-over-year comparison for each of the indices. The good thing is that the overall effect ends up being quite contained, it’s not that adjustment that significantly moves the numbers. One of those technical adjustments that statisticians periodically make to keep the methodology up to date. It’s worth monitoring how these data will influence upcoming monetary policy decisions.