Posted 12/11/2023, 12:01:00 AM
China Prices Fall at Fastest Pace in 3 Years as Deflation Deepens
- China's consumer prices fell 0.5% year-on-year in November, the fastest pace in 3 years
- Factory-gate deflation deepened with producer prices falling 3.0% year-on-year
- Falling global energy prices, fading winter travel boom, and supply glut contributing to deflation
- Weak core CPI indicating sluggish consumer demand, a policy priority for more balanced growth
- Authorities expected to introduce more stimulus measures to spur domestic demand and recovery