BEIJING : China's factory-gate prices showed an annual fall for a second month in November while consumer inflation slowed, indicating weak activity and soft demand in an economy that has been held back by tough pandemic controls.
The November consumer price index rose at its slowest pace in eight months, climbing 1.6 per cent from a year earlier, which was less than the 2.1 per cent annual rise seen in October but in line with a Reuters poll. Zhang said that, although the government had eased pandemic controls over the past week, it would take further measures to spur the economy.
The producer price deflation and milder consumer price inflation of November accompanied record COVID-19 infections and related curbs that disrupted production and curbed mobility. Food prices were up 3.7 per cent on a year earlier, whereas the rise seen in October was 7.0 per cent. Within the food category, pork was a factor behind moderating inflation: it was 34.4 per cent pricier in November than in the same month last year, but in October the annual rise had been 51.8 per cent.
Singapore guys know that Great China's economy is still stable and prosperous in this world now ! West US villains must be jealous of that . . 🐼😁
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