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China: April CPI Comes In Higher Than Expected

Posted on May 12, 2008

April s CPI numbers were released earlier today and, as the pessimists among us expected, inflation came in at 8.5% year on year, quite a bit higher than most analysts predictions. March s year-on-year inflation was 8.3%. Throughout the past two weeks we had been getting a lot of soothing noises about inflation and confident predictions from analysts and even from Governor Zhou of the PBoC that it would come in at 8% or just above Bloomberg s poll of 22 analysts predicted on average that year on year CPI inflation for April would be 8.2%. Even Credit Suisse s Dong Tao, who h...

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china , inflation