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China: China’s Inflation Acceleration: A Non-Event, For Now
- Annual inflation rises from 2% Y/Y to 2.5% Y/Y. The low point in the cycle was October (1.7% Y/Y). The modest acceleration of inflation is occurring from very low rates, and it is for the time being of practically no policy relevance.
- DE’s own estimates place inflation in the proximity of 3% over the next twelve months.