Washington Post (December 10)
“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.” Year on year and month on month, CPI fell a worse than expected 0.5%. “The year-on-year CPI decline was the steepest since November 2020.”
Tags: China, CPI, Deepened, Deflation, Domestic demand, Doubt, Economic recovery, Factory-gate, Fell, November, Pressures, Steepest, Weak, Worse
Reuters (December 9)
“Wherever you think inflation is coming from, it’s not China – not yet at least…. China said its factory-gate prices showed an annual fall for a second month in a row last month – the latest in stream of numbers revealing the impact of the government’s draconian COVID curbs, now being gradually lifted.”
Tags: China, COVID curbs, Draconian, Factory-gate, Fall, Government, Impact, Inflation, Prices
