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China December Consumer Inflation Seen Slowing: Daily

MNI (Singapore)

China’s consumer price index may have decelerated to below 2% y/y in December from 2.3% in November as the prices of vegetables and pork dropped on ample supply, the Economic Information Daily reported citing analysts. Domestic fuel costs also declined as international crude oil prices fell, while the resurgence of the pandemic hindered the rebound of service prices, the newspaper said citing Li Chao, chief economist of Zheshang Securities. China is set to release its latest CPI data on Wednesday.

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