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Capital Economics: China Unlikely On Brink Of Deflationary Spiral

Por: RTTNews Business August 09, 2023

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China's consumer prices and producer prices declined in July, mainly due to a steep fall in food inflation that was caused by base effects, while core inflation rose to its highest level since the start of the year, suggesting that an extended period of deflation is unlikely, Julian Evans-Pritchard, head of China economics at Capital Economics, said Wednesday. We doubt that CPI and PPI will still be in deflationary territory by year-end.... + full article



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