Wednesday, 9 December 2020

China Inflation Sinks 0.5% On Year In November

Consumer prices in China were down 0.5 percent on year in November, the National Bureau of Statistics said on Wednesday.

That missed expectations for a flat reading following the 0.5 percent increase in October.

On a monthly basis, inflation sank 0.6 percent, again missing estimates for a fall of 0.2 percent following the 0.3 percent slide in the previous month.

The bureau also said that producer prices dropped 1.5 percent on year - but that beat forecasts for a decline of 1.8 percent following the 2.1 percent drop a month earlier.


The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2168530/

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