Analysts at Morgan Stanley recently took an in-depth look at food prices in China and released a report on their outlook for the rest of 2015 based on the most recent numbers. According to the report, Morgan Stanley sees continuing deflation risk in Chinese food prices in the near future.
April CPI Mostly In-Line
The April Consumer Price Index (CPI) numbers out of China indicated a 1.5 percent year-over-year inflation rate, slightly below consensus expectations of 1.6 percent. Higher meat and vegetable prices pushed flood inflation rates to up 2.7 percent year-over-year in April, ahead of the 2.3 percent increase reported in March.
Although pork prices were down 0.8 percent month-over month in April…
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