China’s producer prices fall, consumer inflation slows on soft demand

  • PPI falls for a second month
  • Nov PPI -1.3% y/y vs -1.3% y/y in October
  • Nov CPI +1.6% y/y vs +2.1% y/y in October

BEIJING, Dec 9 (Reuters) – China’s factory-gate prices showed an annual fall for a second month in November while consumer inflation slowed, indicating weak activity and soft demand in an economy that has been held back by tough pandemic controls.

Analysts said they expected the government to keep interest rates low and take measures to boost confidence.

https://www.reuters.com/business/retail-consumer/chinas-november-ppi-falls-cpi-slows-amid-weak-activity-2022-12-09/

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