Deflation of inflation data in China for consumer and producer prices by the Arab Trader

Arabictrader.com – Data issued by the National Bureau of Statistics in China, today, Saturday, revealed that the inflation index in the People’s Republic for the month of last November contracted worse than market expectations.

According to the data, the change in the consumer price index (general inflation in China) recorded a contraction of about 0.5% on an annual basis during the month of last November, while expectations indicated a contraction of only about 0.2%, and it is also worse than the previous reading recorded by China in a month. Last October, which amounted to 0.2%.

During the same period, data from the Chinese Bureau of Statistics reported that China recorded a contraction of 3.0% on an annual basis last November, which is better than market expectations that indicated a contraction of 2.8%, but worse than the previous reading, which recorded a contraction of 2.6% during Last October.

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