- China’s CPI will likely break below 3% in December and fluctuate towards mid-2% in Q1, Reorient analyst Steve Wang notes. CPI eased to 3% in Nov. as food inflation slid to 5.9% from 6.5%. "Unless food prices, especially meat and vegetables, surge beyond reason during the coming holiday season... China faces minimal inflation risk in the months ahead."
- "Non-food CPI was again a non-event at 1.6%, but the strong housing market is beginning to sting, with rental inflation edging higher to 4.7%, the highest in nearly a year and half," suggesting policymakers will likely maintain existing curbs on property markets in order to stem the spillover effect of high housing prices on inflation.
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China inflation edges closer to 2% handle
Dec 9 2013, 02:58 ET