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China’s Inflation Surprised to Upside in December. Outlook Moderates amidst Fall in Pork Price

China’s inflation surprised to the upside in December. Thanks to food price, headline CPI improved to +0.2% y/y in December, compared to deflation of -0.5% a month ago. Food inflation rebounded to +1.2% y/y, after contracting -2% a month ago, as pork price deflation narrowed to -1.3% from November’s -12.5%. Inflation in fresh fruit accelerated […]

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