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It is evident from OECD Long-term Forecast graph that over the past 10 years consumer price inflation in China had two peaks. The first and the greatest one of 5.9% occurred in 2008 and was followed by dramatic fall to -0.7%. Then, the inflation rate rocketed up to the second peak in 2011 which was not much lower than the first one. According to the international agencies including OECD, IMF and UN, consumer price inflation in China is increasing since 2017. The slow growth is predicted to continue.

 

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