China: Inflation lost further traction in March – UOB – by pabspiovano China CPI Inflation Banks
Ho Woei Chen, Economist at UOB Group, assesses the release of the latest inflation figures in China.“Headline inflation slowed to 0.7% y/y in Mar, the lowest since Sep 2021 when it was at the same level. However, core inflation edged marginally higher to 0.7% y/y from 0.6% y/y in Feb.”
“PPI decline averaged -1.6% y/y in 1Q23. We retain our forecast that PPI will remain in deflation through 1H23 and average -1.0% in 2023 after rising 4.1% in 2022 and 8.1% in 2021.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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