Inflation concerns linger in China despite steady CPI
While the recent CPI data was relatively weak, there are concerns about the rise in global prices and how it might fuel inflation within China in the future.
Pork makes up a large portion of the CPI index, and the rapid decline in hog prices has a very clear deflationary impact on CPI.
However, China has come to increasingly rely on imported grain and oilseeds. Rising prices outside of China can eventually flow into inflationary pressures wit...