[Breaking] China December CPI Down 0.3%... Third Consecutive Month of Decline
China's declining inflation has continued for three consecutive months, raising concerns about deflation (a decrease in prices during an economic downturn).
On the 12th, China's National Bureau of Statistics announced that the Consumer Price Index (CPI) in December last year fell by 0.3% compared to the previous year. Although this is an improvement from the previous month's figure (-0.5%) and the forecast (-0.4%), it marks the third consecutive month of negative growth since October (-0.2%).
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Greater Impact on Women Than Men"... The 'Diet Trap' That Causes Sleepless Nights and Suffering
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
![[Breaking] China December CPI Down 0.3%... Third Consecutive Month of Decline](http://www.asiae.co.kr/news/img_view.htm?img=2021062917035611988_1624953836.png)
The Producer Price Index (PPI), released on the same day, also fell by 2.7% year-on-year, marking 15 consecutive months of decline. Although it was lower than the forecast (-2.6%), the rate of decline narrowed compared to last month (-3.0%).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
