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In Depth: Mild Inflation Hasn’t Stopped Chinese Consumers Feeling Squeezed

By Kelsey Cheng
2022年11月04日 17:46
While the headline CPI remains below the government’s 3% ceiling, pork and vegetable prices are surging

As major central banks around the world raise interest rates to rein in soaring prices, China is an outlier — consumer inflation is far less threatening, and the People’s Bank of China (PBOC) has been cutting borrowing costs to support the economy. Yet residents are feeling the pinch from rising food costs.

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