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China's inflation rate slows in November amid weakened demand, economic challenges
(MENAFN) China's consumer inflation rate decelerated in November, according to formal figures, as demand remains weak in the world's second-largest economy.
The nation is facing subdued domestic consumption, a continuing crisis in the real estate sector, and escalating government debt—all of which pose risks to Beijing's official growth target for the year.
The consumer price index (CPI), a crucial indicator of inflation, increased by 0.2 percent in November compared to the same month last year, a decline from October's 0.3 percent, as reported by the National Bureau of Statistics (NBS).
This figure fell short of the 0.4 percent expected in a Bloomberg poll of economists.
In recent months, Beijing has introduced a series of its most aggressive measures in years to stimulate growth, as China struggles to recover fully from the impact of the Covid-19 pandemic.
While many major Western economies have been dealing with the threat of high inflation, China has instead been contending with low or even negative price growth.
The nation is facing subdued domestic consumption, a continuing crisis in the real estate sector, and escalating government debt—all of which pose risks to Beijing's official growth target for the year.
The consumer price index (CPI), a crucial indicator of inflation, increased by 0.2 percent in November compared to the same month last year, a decline from October's 0.3 percent, as reported by the National Bureau of Statistics (NBS).
This figure fell short of the 0.4 percent expected in a Bloomberg poll of economists.
In recent months, Beijing has introduced a series of its most aggressive measures in years to stimulate growth, as China struggles to recover fully from the impact of the Covid-19 pandemic.
While many major Western economies have been dealing with the threat of high inflation, China has instead been contending with low or even negative price growth.
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