Chinese inflation falls sharply, time to ease?

October CPI fell to 5.5% year-on-year. Easing is on the way, but no cake for all.

Chinese inflation falls sharply, time to ease?
China claims prices are under control (AFP)

China’s October consumer price index fell to 5.5% year-on-year, the lowest during the past five months, leaving room for the government to push on with selective easing policies in the coming months.

The lower CPI number, which compared with 6.5%, 6.2% and 6.1% for July, August and September respectively, shows Beijing’s battle against soaring consumer prices has taken effect. However, inflation remains a top concern for policymakers and a monetary policy U-turn is unlikely before...

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