CHIC - China: January 2024 CPI Inflation Fell To The Lowest Level Since 2009 Likely To Mark The Bottom
2024-02-08 11:30:00 ET
Summary
- China's January CPI inflation was weaker than forecast at -0.8% YoY, which marks the lowest level since September 2009.
- We expect this to mark the bottom of the current cycle.
- China's pork cycle also indicates that the drag from pork prices will fade in the coming months.
By Lynn Song
Headline CPI hits lowest level since 2009
China's January CPI inflation came in at -0.8% YoY, which is the lowest level since September 2009, and marked the fourth consecutive month of negative headline inflation....
China: January 2024 CPI Inflation Fell To The Lowest Level Since 2009, Likely To Mark The Bottom