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China Consumer Inflation To Rise Moderately in 2022: Journal

MNI (Singapore)

China’s CPI is expected to rise moderately this year from 2021’s 0.9% gain, as pork prices enter an upward cycle and higher energy and raw material prices further affect consumer prices, the China Securities Journal reported citing analysts. PPI will continue to ease from the 8.1% gain in 2021 as commodity prices had peaked, the newspaper said. CPI and PPI are seen at 2.5% and 5.0% in 2022, respectively, with the gap between the two largely narrowing which will help ease the cost pressure of downstream manufacturers, the newspaper said citing a report by the Chinese Academy of Social Sciences.

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