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May 11, 2024
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China CPI 0.3% y-o-y (consensus 0.2%) in Apr-24

- China's April 2024 CPI exceeded market expectations, growing by 0.3% year-on-year, suggesting sustained inflationary pressures.
- It is reassuring to see the CPI's current growth breaking above the one-year average, helping to end the excessively disinflationary trend.

April 11, 2024
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China CPI 0.1% y-o-y (consensus 0.4%) in Mar-24

- China's CPI growth in March 2024 was 0.1% y-o-y, significantly below market consensus and marking the lowest growth since January 2024.
- Although the figure is 0.18pp above the one-year average, the slight improvement from falling prices emphasises the problem's persistence.

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