China Inflation Splits in Two as Producer Costs Surge but Consumers Stay Cool

China’s inflation picture diverged sharply in August, with consumer prices remaining contained even as industrial cost pressures strengthened substantially. CPI rose 0.8% y/y and 0.4% m/m, while core CPI excluding food and energy was 1.0% y/y. Food prices remained a significant drag at -1.4% y/y, including an 11.8% fall in pork prices, while non-food prices […]

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