US Edition
China consumer prices drop more than expected in September, staying in deflationary territory
China's consumer price index fell 0.3% year on year in September due to weak demand and oversupply despite government efforts to stabilize prices, data showed.
- China's deflation eased in September, marking the longest streak of economy-wide price declines since the late 1970s, according to the National Bureau of Statistics.
- Consumer prices decreased by 0.3%, falling short of the Bloomberg survey estimate of minus 0.2%.
- China's government reduced its consumer inflation target to around 2% for 2025, the lowest in over 20 years, according to the report.
- The consumer price declines occurred alongside a 36th consecutive month of falling factory gate prices, which fell 2.3% year-on-year.
65 Articles
65 Articles
InsideNoVA.com
China consumer spending falls as pressure on economy builds
China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.
China Consumer Spending Falls As Pressure On Economy Builds
China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.
Deflationary pressures persist in China on weak demand
BEIJING: Deflationary pressures persisted in China, with both consumer and producer prices falling in September, official data showed on Wednesday, as a prolonged property market downturn and trade tensions weighed on consumer and business confidence.
Coverage Details
Bias Distribution
- 56% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
