China's Consumer Prices Contracted At the Fastest Pace Since 2009

  • Beijing, People's Republic of China
  • 8 February 2024
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China's consumer prices contracted for the fourth consecutive month and at the fastest pace since 2009 in January, reflecting continued challenges to demand in China, the world's second-largest economy. According to data from the National Bureau of Statistics, the consumer price index fell 0.8 percent year-on-year, compared to a 0.3 percent decline in December.

On the other hand, the index rose 0.3 percent month-on-month, versus an increase of about 0.1 percent in December. Food prices fell 5.9 percent year-on-year in the first months of this year.

Source (CNBC Arabia Website, Edited)

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