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China February Inflation Seen Decelerating: Yicai

MNI (Singapore)

China’s February CPI may gain 0.5%, decelerating from January’s 0.9% given the fallback in consumer demand after the Spring Festival amid the sporadic outbreak of Covid-19 cases, reported citing Xie Yaxuan, an analyst with China Merchants Securities. PPI may begin to climb amid rising crude oil prices, and is likely to register 8.8%, the newspaper said citing Xie. Analysts’ median forecast of CPI polled by is 0.77%, and that of PPI is 8.78%. China is set to release the figures on Wednesday.

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