US EditionChina falls deeper into deflation, with consumer prices suffering biggest fall since 2009
- Consumer prices in China have experienced their largest decline since the global financial crisis in 2009, attributed to weak demand and a seasonal issue.
- The producer price index in China fell by 2.5% in January, further indicating deflationary pressure in the economy.
- Concerns about a potential debt and deflation cycle in China's economy have been raised, emphasizing the need for immediate and aggressive actions to prevent entrenched deflationary expectations among consumers.
51 Articles
51 Articles
Faced with an economic downturn, the country announced on Thursday, February 8, that its prices continued to fall during the month of January, causing experts to fear a future “deflationary spiral”.
China consumer prices see steepest drop since 2009
China's consumer prices fell 0.8 percent last month, the fastest pace since 2009, while the country's factory-gate costs have been stuck in deflation for 16 straight months. The consumer price index's drop in January was worse than economists' expectations for a 0.5 percent decline. The CPI data...
Chinese prices deflate amid wider pressures on the economy
Consumer prices in China are deflating rapidly as the country’s economy struggles to right itself after pandemic-era disruptions. China’s consumer price index (CPI) decreased 0.8 percent in January from a year ago, the largest drop since 2009. Retail deflation has been going on for four months, while wholesale deflation has been going on for 16…
The Wall Street Journal writes in its newspaper that China's labor costs are rising, and January's consumer prices increased at the fastest pace in the last 14 years.
China is struggling with deflation. Consumer prices fell surprisingly low in January — the decline is reminiscent of the global economic crisis.
Prices in China continued to fall in January, posting their biggest fall in 14 years, according to official data released on Thursday, at a time when the government in Beijing is trying to revive household consumption, AFP and Reuters reported.
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
