China’s consumer inflation unexpectedly decreased in November, marking a mixed picture for the country’s economy ahead of key policy meetings this week. The data shows that sluggish demand remains a significant factor holding back price growth. Key statistics include:
The consumer price index (CPI) rose 0.2% from last year, the lowest level since June, while core inflation increased slightly. Factory deflation continued for the 26th consecutive month, but the producer price index (PPI) slowed down to a 2.5% drop in October.
These mixed indicators paint a complex picture of China’s economy, highlighting both positive and negative trends ahead of major policy meetings on economic growth and development this week.
Source: https://www.bloomberg.com/news/articles/2024-12-09/chinese-consumer-inflation-slows-despite-stimulus-efforts