China’s Inflation May Hit 5% in January on Oil Spike, Citi Says
China’s Inflation May Hit 5% in January on Oil Spike, Citi Says 1(Bloomberg) — China’s surging consumer inflation will rise further on the current oil spike, but the jump won’t last long and probably won’t affect the pace of monetary easing in 2020, according to Citigroup Inc. Consumer inflation in China will hit 5% in January as higher oil prices combined with a low base from 2019 drive up the cost …
News story posted on 2020-01-07T06:19:00.0000000Z