Economics
China's Inflation Stabilizes as Stimulus Helps Support Demand
- Consumer-price index advances 1.5%, exceeding estimates
- Producer prices extend record losing streak with 5.9% drop
Inside China's Shift to a Consumption, Services Economy
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China’s consumer inflation picked up last month, boosted by price gains for food and services, signaling demand in the world’s second-largest economy is stabilizing after accelerated fiscal stimulus and a year of interest-rate cuts.
The consumer-price index rose 1.5 percent in November from a year earlier, the National Bureau of Statistics said Wednesday, compared to the 1.4 percent median estimate in a Bloomberg survey and 1.3 percent in October. The producer-price index fell 5.9 percent, compared to a projected 6 percent drop, extending declines to a record 45 months.