China: February inflation seen decelerating – Yicai

China’s February CPI is seen rising by 0.5%, decelerating from January’s uptick of 0.9% given the fresh COVID-19 outbreaks-led hit to consumer demand after the Spring Festival, Yicai.com reported, citing analysts.

“PPI may begin to climb amid rising crude oil prices, and is likely to register 8.8%,” the Chinese media outlet reported.

Analysts’ median forecast of CPI polled by Yicai.com is 0.77%, and that of PPI is 8.78%. China is scheduled to report inflation figures on Wednesday.

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