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China inflation rate now moderate [ClearOnMoney]
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China inflation rate now moderate

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Commentary

China inflation rate now moderate

9 Jul 2012 by Jim Fickett.

Today China reported inflation figures for June. The overall CPI inflation rate was 2.2% and that for food was 3.8%.

Most news articles comment that there is now opportunity for further stimulus, or even the need for more monetary easing to prevent deflation. One wonders how long the near-universal faith in an alternating diet of caffeine and tranquilizers can persist.