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10th Mar 2022 00:00China+, Daily Monitor

  • Energy and food are set to drive Chinese inflation dynamics, but base effects will play a big part.
  • Global commodity prices are surging, but the link to domestic consumer prices is modest.
  • The PBoC will stay dovish, and may ease more ag- gressively, due to—not in spite of—the cost shock.

commodities commodity prices consumer prices core cpi core cpi inflation cpi cpi inflation deflation disinflation energy energy inflation food prices March May oil pboc petroleum policy ppi PPI inflation q3 rrr rrr cut

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Keywords for: Chinese Inflation Approaches a Nadir, but It's Complicated

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