China slides back into deflation
Falling pork prices are a major drag on consumer prices
China slipped back into deflation in October as the country struggles to reinvigorate domestic demand.
China’s consumer price index (CPI) fell 0.2% year on year in October, falling from 0% in September, data released by the National Bureau of Statistics today (November 9) showed.
Core inflation, which excludes food and fuel prices, slowed to 0.6% year on year in October, compared to 0.8% in the previous month.
The world’s second-largest economy last saw consumer prices fall by 0.3% year on
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