China's consumer inflation drops to five-month low of 0.2% in November

timesofindia.indiatimes.com

China's consumer inflation fell to 0.2% in November, down from 0.3% in October. This marks the lowest inflation rate in five months. Producer prices also declined, but at a slower rate of 2.5%, compared to 2.9% in October. Despite recent economic stimulus measures, the consumer price index did not meet economists' expectations of a 0.5% increase. Monthly figures showed a 0.6% decrease, larger than October's 0.3% decline. In response to local government financial pressures, Beijing announced a 10 trillion yuan debt package in November instead of direct stimulus. Government advisers are suggesting a target of 5.0% economic growth for 2025 amid concerns over potential US tariffs.


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