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Chinas Disinflationary Headwinds Persist as Customers Remain Reluctant
By Kajal Sharma - 12 May 2024 08:42 PM
Travel and auto expenses are still low as factory-gate prices decline for the 19th consecutive month.Beijing:China's factory-gate prices continued to decline in April, despite a little increase in consumer prices. This indicates the difficulties officials would have in reversing the disinflationary forces despite stimulus measures intended to give the economy a boost.
China’s consumer-price index rose for a third straight month in April, increasing at a pace of 0.3% compared with a year earlier, according to official data released Saturday, edging up from March’s 0.1% reading and surpassing the 0.2% growth expected by economists. Meanwhile, the producer-price index fell 2.5% in April from a year earlier for a 19th consecutive month of declines.
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