China 2022 Inflation to Be Moderate; Policy Room Remains: Journal

China’s consumer prices are likely to show moderate increase next year, offering some space for monetary policy moves, China Securities Journal reported citing analysts. Higher production costs will be further reflected in the prices of consumer purchases while the price of pork, a major staple, also rises, the newspaper said citing Li Xuesong, a researcher at the Chinese Academy of Social Sciences. The gain in CPI is likely to remain moderate as consumption remains constrained by the pandemic, Li added. PPI is likely to moderate due to the decline in commodity prices and the high comparison base, said the journal.