Chinese Deflation Eases Again Even as Pressure on Prices Lingers

China’s deflation eased in September, even as the pace of improvement is failing to halt the country’s longest streak of economy-wide price declines since market reforms in the late 1970s.

Prices at the factory gate fell 2.3% from a year earlier after slipping 2.9% in August, the 36th straight month of declines that was in line with forecasts. Producer deflation moderated for a second month, though it remained unchanged at zero in month-on-month terms.