China falls deeper into deflation, with consumer prices suffering biggest fall since 2009
CNN
China’s consumer prices have slid deeper into deflationary territory, suffering their biggest drop since the height of the global financial crisis in 2009.
China’s consumer prices have slid deeper into deflationary territory, suffering their biggest drop since the height of the global financial crisis in 2009. The country’s Consumer Price Index, a gauge of price changes in goods and services purchased for consumption by urban households, dropped 0.8% in January from a year ago, according to the National Bureau of Statistics on Thursday. It was the steepest fall for the index since September 2009 and marks a fourth straight month of decline. But some analysts say the deflationary trend may have already bottomed out. — This is a developing story and will be updated.
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