China Returns To Disinflation As CPI, PPI Drops

red and white flag on pole

Photo by Yan Ke on Unsplash

According 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
Solana And Cardano: Solana Jumps To The 47.00 Level
Dogecoin And Shiba Inu: Doge Jumps To A New High At 0.07720

Disclaimer: Finance Brokerage and its workforce cannot, and do not, absolute warrant the accuracy, relevancy, reliability, consistency, and completeness of any information and materials in the ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.