China, anti-Omigran restrictions control inflation
Inflation in China rose at a slower pace than expected in December, amid restrictions on the spread of the Govt-19 and risks associated with delta and omega-3s, as well as falling prices for some federal-led commodities. Monetary authorities are paving the way for new measures to support the economy, including a reduction in interest rates. The Consumer Price Index (CPI), the National Statistics Office reports, is expected to be 1.8% and grow at 1.5% year-on-year, the highest since August 2020, compared to 2.3% in November. For example, the food fall (-1.2% in November from + 1.6%), which led to a 0.30% economic downturn.
On the other hand, the Producer Price Index (PPI) rose 10.3% to its lowest level since August, against the expected 11.1% and 12.9% in November, confirming the highest fall in 26 years in October. Concerns about global and domestic consequences, due to China’s key role as an exporter. On a monthly basis, there was a decrease of 1.2% and an increase of 8.1% in 2021. Like other countries, China will be under pressure from the economy as energy costs rise for the most part in 2021, and the real estate crisis, which has accounted for one-third of GDP for the past twenty years, has been devastating. .