- Analytics
- News and Tools
- Market News
- China's consumer prices fall for first time since 2009
China's consumer prices fall for first time since 2009
RTTNews reports that data released by the National Bureau of Statistics showed that China's consumer prices declined for the first time in more than a decade in November due to the fall in pork prices.
Consumer prices fell unexpectedly by 0.5 percent year-on-year in November after rising 0.5 percent a month ago. This was the first decline since October 2009. Economists had forecast an increase of 0.8 percent.
Food prices decreased 2 percent annually due to a notable 12.5 percent fall in pork prices. Pork prices had logged a sharp increase in the last year due to the shortage caused by the African swine flu.
Core inflation that excludes food and energy prices climbed 0.5 percent from last year in November.
On a monthly basis, consumer prices were down 0.6 percent versus the expected fall of 0.2 percent.
Statistical office reported that producer prices decreased 1.5 percent on year in November but slower than October's 2.1 percent decline. Prices were expected to fall 1.8 percent.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
