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Sunday, April 14, 2013

Chinese inflation falls sharply.

 Chinese CPI slowed to +2.1% on year in March from +3.2% in February - when New Year holiday demand affected prices - and came in below consensus of +2.4%. A softening of rises in food costs helped offset an increase in fuel expenses to bring overall inflation lower and give China's central bank more flexibility over monetary policy. The news helped boost equity markets across the globe.

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