Free Trial

China Inflation May Stay High through Yearend: Herald

MNI (Singapore)

China's CPI and PPI may stay elevated through the yearend, though further surges are also not likely, the 21st Century Business Herald reported citing analysts. Food prices may gain by rebounding pork prices, while higher raw material costs may lift consumer product prices and service prices may moderately recover, the newspaper said citing Wen Bin, chief researcher of Minsheng Bank. The surge in PPI may be tamed in the next two months as policies to stabilize commodity prices kick in and the global supply chain gradually improves, the newspaper said analysts. CPI snapped declines in the past four months to rise 1.5% y/y in October, while PPI rose to over 26-year-high of 13.5%, with the CPI-PPI gap further expanding to a new record high of 12%.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.