China's Inflation Rate To Remain Moderate - Yicai

China’s inflation rate is expected to remain moderate, with economists’ median forecast for November CPI sitting at 1.65% y/y, compared to October’s 2.1% y/y, Yicai.com reported. The PPI is expected to decline 1.53% y/y in November compared to October's 1.3% y/y fall, Yicai said. Pork prices are the main driver of CPI, but core inflation - which excludes food and energy prices - remains tame below 1%, while PPI has fallen on lower prices for commodities such as crude oil, the newspaper said citing Xu Sitao, chief economist at Deloitte China. China’s stable inflation expectations will provide a suitable liquidity environment for stabilising economic growth, the newspaper said. China is set to release its November inflation data on Friday.