Deflation fears deepen as China's consumer prices fall fastest in 3 yrs
Financial Express Mumbai|December 10, 2023
CHINA'S CONSUMER PRICES fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery. The consumer price index (CPI) dropped 0.5% both froma year earlier and compared with October, data from the National Bureau of Statistics (NBS) showed on Saturday.
Deflation fears deepen as China's consumer prices fall fastest in 3 yrs

That was deeper than the median forecasts in a Reuters poll of 0.1% declines both year-on-year and month-onmonth. The year-on-year CPI decline was the steepest since November 2020.

The numbers add to recent mixed trade data and manufacturing surveys that have kept alive calls for further policy support to shore up growth.

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