China’s Mild Inflation Paves Way for Further PBOC Easing

<p>Headline CPI eased to +1% y/y in July from +1.1% a month ago. From a month ago, inflation rose +5.3%, compared with +1.8% in June. This suggests that the slowdown in the year-over-year data was mainly due to high base. Food inflation contracted -3.7% y/y, after dropping -1.7% in June. Deflation in pork prices worsened […]</p>
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