Chinese inflation is out and it’s firm for consumers at 2.8%:
But it’s all about pork as the epidemic of African swine fever slaughters supply and will thus pass:
Meanwhile, and more importantly for Australia and the world, producer inflation is cooked and is about to plunge as the trade war hammers industry:
Just wait for the ferrous sector join the deflation:
China’s next deflation tsunami is on its way even before the yuan falls.