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6th Jul 2022 14:49China+, Daily Monitor

Chinese CPI inflation is set to rise until Q4, but it’s still a very different story to the West.

Inflation is unlikely to spend any time above target, and will retreat in 2023, with PPI entering deflation.

The PBoC will not need to tighten policy, but other constraints prevent aggressive easing.

commodities cpi cpi inflation energy government headline inflation imports July June June cpi june cpi inflation labour monetary policy oil pboc policy pork prices ppi PPI inflation q2 q3 q4 rmb swine flu vegetable prices

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