Rise in Chinese CPI temporary due to seasonal factors?
|By FXStreet FXStreet (Mumbai) – As noted earlier, the uptick in price pressures was mainly driven by the health care, personal activities and transportation sector.
However, the National Bureau of Statistics (NBS) said rain and snow in northern China last month hurt production and transportation of fresh vegetables and fruits, pushing up food prices and therefore, consumer prices.
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Source:: FX Street