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China Logs Mild Inflation, Factory Gate Prices Ease Steadily

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

China's consumer price inflation continued to ease in November and factory gate prices decreased again as strict zero-Covid strategy dragged on economic activity, depressing inflationary pressures while spiraling costs act as utmost policy constraint in major economies.

Consumer prices posted an annual increase of 1.6 percent in November, after October's 2.1 percent gain, the National Bureau of Statistics reported Friday. This was in line with expectations.

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