China posts fastest deflation in three years ...News

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China posts fastest deflation in three years
Consumer prices fell 0.5% year-on-year in November, the steepest decline since 2020 China’s consumer price drop worsened last month, indicating that the country’s post-pandemic economic recovery may take longer than previously expected, according to data from China’s National Bureau of Statistics published on Saturday. The consumer price index (CPI) fell 0.5% in November from a year earlier, the biggest drop since November 2020. Consumer prices have partly been affected by a decline in pork prices, a significant component in China’s CPI basket due to its popularity among the population. Overall food prices in the

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