China's November inflation shows slowest rise in five months as deflation persists
China's Consumer Price Index (CPI) rose by 0.2% year-on-year in November 2024, the slowest increase in five months. This was below the expected 0.5% and down from 0.3% in October. Month-on-month, the CPI increased by 0.6%, exceeding expectations of a decline. The Producer Price Index (PPI) fell by 2.5% year-on-year, better than the anticipated 2.8% drop. Month-on-month, the PPI showed a slight increase of 0.1%. This marks the 26th consecutive month of deflation for the PPI. These figures indicate ongoing deflationary trends in China's economy, driven by weak domestic demand and falling prices. Despite government stimulus efforts, consumer and producer prices remain under pressure, highlighting challenges for economic growth.