Subdued Core CPI and Contraction in Imports Suggest It Takes Time to Revive China’s Domestic Demand

<p>Headline CPI moderated to +2.4% y/y in August, from +2.7% a month ago. High base and softened growth in food inflation was the key reason for the slowdown. Food price rose +11.2% y/y, decelerated from +13.2% in July. This was mainly driven by the sharp moderation of pork inflation which eased to +52.6% from July’s [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/325083-subdued-core-cpi-and-contraction-in-imports-suggest-it-takes-time-to-revive-chinas-domestic-demand/">Subdued Core CPI and Contraction in Imports Suggest It Takes Time to Revive China&#8217;s Domestic Demand</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>