China Returns To Disinflation As CPI, PPI Drops -

China Returns To Disinflation As CPI, PPI Drops

Nov 10, 2023Jeremy ParkinsonFinance, No picture0

Photo by Yan Ke on UnsplashAccording to data released by the National Bureau of Statistics (NBS), both the Consumer Price Index (CPI) and Producer Price Index (PPI) experienced significant declines in October. The CPI dropped by 0.2% year-over-year, following September’s flat growth, signaling lower consumer spending in the retail sector.Meanwhile, the PPI continued its downward trend for the 13th consecutive month, falling by an annualized 2.6% compared to the previous month’s reading of 2.5%. This dip in producer prices is indicative of ongoing weakness in China’s manufacturing activity. Stay tuned for further insights into the implications of these economic shifts on China’s financial landscape and global markets.Video Length: 00 :02:37 More By This Author:Smart Tech: The Road To Recovery For Tech Stocks In 2023
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