China’s CPI Soared to +4.5%; Exports Contracted More than Expected

<p>Headline CPI in China accelerated to +4.5% y/y in November, from +3.8% a month ago. The key contributor to strong inflation is fresh vegetable and pork prices. Non-food price climbed +1% y/y from +0.9% in October. Excluding food and energy prices, core inflation steadied at +1.4% y/y. Upstream PPI contracted -1.4%, improving from -1.6% in […]</p>
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