Reported about 5 hours ago
China's deflationary challenges intensified in September, as consumer prices showed only a marginal rise and factory gate prices continued to decline. The consumer price index increased by just 0.4% year-on-year, mainly driven by a surge in vegetable prices. Core inflation reached its lowest point since February 2021, indicating weak domestic demand, prompting the government to introduce stimulus measures to revitalize the struggling economy. This persistent inflationary pressure raises concerns about the potential for weakened consumer confidence and economic growth.
Source: YAHOO