China's consumer inflation hits near two-year high as producer deflation deepens more than expected | Metals Mine

  • China's consumer inflation hits near two-year high as producer deflation deepens more than expected

    From cnbc.com

    China’s consumer price inflation accelerated in November to the highest level in nearly two years, even as producer price deflation worsened, underscoring the challenge policymakers face in reviving domestic demand amid persistent trade tensions. Consumer prices edged up 0.7% from a year earlier, its highest level since February last year, National Bureau of Statistics data showed Wednesday. Consumer inflation extended a 0.2% uptick in October and was in line with the expected 0.7% rise in a Reuters poll of economists. Factory-gate prices fell 2.2% in November from a year earlier, missing the forecast of a 2% ... (full story)

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