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China Slips Into Deflation, Producer Prices Continue To Fall

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

China returned to deflation in October on falling food prices and producer prices continued to decline amid the renewed economic weakness, official data showed Thursday.

Consumer prices dropped 0.2 percent in October from a year ago after staying flat in September, figures from the National Bureau of Statistics revealed. The rate matched expectations.

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