Chinese lowflation continues

Monday 11 March 2019

China released its February inflation figures yesterday and the struggle goes on. The CPI fell to just 1.5% though it ripped 1% in the month:

But a look under the bonnet shows it will be temporary, driven entirely by a short term fruit and veg price spike:

Industrial inflation was even weaker at 0.1% though it too firmed for the month as oil and iron ore bounced:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.