China has another massive headache now: It can’t stem deflation ...Egypt

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Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — While many central banks around the world are trying to cool inflation, China is grappling with falling prices this year. The Consumer Price Index (CPI) dropped 0.5% in November from a year ago, the biggest fall since November 2020, according to data released by the National Bureau of Statistics on Saturday. It was worse than expected, as analysts polled by Reuters had predicted a 0.1% decrease. The drop also marks an acceleration from October, when the CPI fell 0.2% from a year earlier, and has prompted calls for urg

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Last updated : 11 Dec 2023 clock 11:36 AM

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China has another massive headache now: It can’t stem deflation ...Egypt

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