Soaring Inflation Makes PBOC’s Easing Measures More Challenging

<p>Headline inflation in China soared to +5.4% y/y, the highest level in almost a decade, in January. This came in higher than consensus of +4.9% and December’s +4.5%. Once again food, especially pork, price was the key driver of the jump. Food price soared +20.6% y/y, accelerating from +17.4% in December. Pork price rose +116% […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/270607-soaring-inflation-makes-pbocs-easing-measures-more-challenging/">Soaring Inflation Makes PBOC’s Easing Measures More Challenging</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>