Inflation & Prices
China Price Growth Stays Near Zero as Deflation Persists
- Data suggests latest stimulus may not break grip of deflation
- Producer price slid slighter faster than expected in October
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China’s consumer inflation was anemic in October while factory-gate prices continued falling, suggesting the government’s latest round of stimulus is far from sufficient to free the economy from the grip of deflation.
The consumer price index rose 0.3% from a year earlier, the National Bureau of Statistics said Saturday, compared with a 0.4% gain in the previous month. The median forecast of economists surveyed by Bloomberg was for the reading to stay unchanged from September.