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China Inflation May Fall Further in Q4: Daily

CHINA PRESS
MNI (Sydney)

China's inflation may return to a downward trend in Q4 due to gradually declining food prices, the Economic Information Daily reported citing Tang Jianwei, the chief researcher at the Bank of Communications. Pork prices, the main CPI driver, may plunge due to the higher base of comparison with last year and improved supply, while the supply of vegetables and fruit is seen to be rising, the newspaper said citing analysts. CPI rose 2.4% y/y in August, slower than July's 2.7%.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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