China’s Inflation Slowed Further in April, Giving Room for Further Easing

<p>Headline CPI eased to +3.3% y/y in April, from +4.3% a month ago. This also marked a two-percentage-point fall from January’s peak. While the major growth driver remained food price, it has been decelerating as the corovavirus outbreak has hurt demand. Food price gained +14.8% y/y last month, easing from +18% in March. Meanwhile, pork […]</p>
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