Chinese inflation soars
If you think the oil shock is not impacting global inflation, look no further than China for the counter-argument. The CPI is suddenly raging at 4.8% annualised in August. In August 2026 , the national consumer price index (CPI) rose 0.8% year-on-year . Specifically, urban areas saw a 0.8% increase, while rural areas experienced a 0.7% rise. Food prices decreased by 1.4% , while non-food prices…
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