China’s consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics…
China's consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday.
China's consumer price growth fell to a five-month low in November and missed expectations, climbing 0.2% from a year ago, according to data from theAnalysts polled by Reuters had expected a slight pickup in retail inflation to 0.5% in November from a year ago, versus 0.3% in October. While China's PPI deflation has narrowed slightly, it still seems quite entrenched, said Erica Tay, director of macro research at Maybank.
"We believe deflation will continue in China, especially based on the previous experience during trade wars," said Becky Liu, head of China macro strategy at Standard Chartered Bank, drawing reference to the ongoing trade war between China and the U.S.
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