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World Business Report: First broadcast 08/02/2024 15:32 GMT : China: Consumer prices plunge at fastest rate in 15 years

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China: Consumer prices plunge at fastest rate in 15 years

First broadcast 08/02/2024 15:32 GMT 

First broadcast 08/02/2024 15:32 GMT : China: Consumer prices plunge at fastest rate in 15 years

BBC World Service - World Business Report, China: Consumer prices plunge at fastest rate in 15 years

China’s consumer prices fell at their fastest pace in 15 years in January

Consumer and producer prices in China register annual declines at their fastest pace in 15 years in January.

China's economy is again showing bad data with risks slipping into deeper deflation as consumer prices declined in January. China’s consumer price index falling by 0.8% compared with a year earlier. It's been the fourth consecutive month of declines and makes analysts negatively look into the future.

Will falling prices make it harder for China to lower its debt and what should we expect next?

(Picture: China's consumer price index declines, Shanghai. Picture credit: EPA-EFE/REX/Shutterstock)

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First broadcast 08/02/2024 15:32 GMT : China: Consumer prices plunge at fastest rate in 15 years

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