China’s CPI Soared to Highest Level in Almost 8 Years; Exports Improved on Tariff Exemption

<p>Headline CPI in China accelerated further to +3.8% y/y in October. This had exceeded consensus of +3.4% and breached the 3% target for the first time since 2013. Food price, in particular pork price, was again the key driver for the strong inflation. Food inflation soared +15.5% y/y, compared with +11.2% in September. Pork price […]</p>
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