China Sinks Deeper into Deflation

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11 February, 2024, 10:00 am
Last modified: 11 February, 2024, 10:00 am

Consumer Price Index (CPI) dropped by 0.8% in January from a year ago, according to the National Bureau of Statistics (NBS). Which measures the cost of goods that factories charge wholesalers, decreased by 2.5% in January from a year ago, the NBS data showed. That was a slight pick up from December's 2.7% drop.

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