China and UK Economies Show Signs of Deflation as Consumer Prices Drop
-
China's consumer prices dropped 0.5% in November on both a monthly and annual basis, falling further into deflation territory due to weak domestic demand
-
UK average house asking prices dropped by nearly £7,000 in December to £355,177, down 1.9% year-on-year as the housing market undergoes deflation
-
China's producer price index fell 3% year-on-year in November, marking the 14th straight monthly decline
-
Deflationary pressures in China have disappointed investors and knocked Chinese stocks, with the CSI 300 index falling 1.4%
-
There are signs of economic stability returning for UK manufacturers, with export orders surpassing domestic orders for the first time in 4 years