China Inflation – 09 July 2021
Buoyed by higher prices for non-food products, China’s consumer price inflation was likely continued to rise in June. However lower food prices, particularly for pork, may have offset this to some extent. We believe that lower food prices, particularly for pork, may have offset this to some extent. The dynamic in consumption recovery is likely to have supported the prices of non-food components. Rising commodities prices may have contributed to the raising of the prices of consumer goods to an extent.
