The January CPI data released this week made for uncomfortable reading, but may be less worrying than they first appear. A bottom-up look at the components of the food basket suggest that the rate of food inflation may be overstated, and there are reasons to think that core inflation will start to fall back soon.
Asia Drop-In (23rd Feb.): We’ll be discussing Kazuo Ueda at the BOJ, China’s property rebound, the Bank of Korea’s latest decision and much more in an online briefing at 08:00 GMT/16:00 SGT on Thursday, 23rd February. Register here.
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