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China's consumer price inflation is set to rebound further over the coming months as the economy is set to recover moderately driven by policy measures, Capital Economics' economists said.
The record grain yield comes despite delayed plantings, heatwaves and prolonged zero-Covid disruptions, as China’s policymakers keep food security atop their priorities.
China’s consumer price index (CPI) rose by 2.5 per cent in June from a year earlier, while the producer price index increased by 6.1 per cent last month, inflation data released on Saturday showed.