China's Consumer Inflation and PPI Deflation Reflect Struggling Economic Activity
Saturday, 12 October 2024, 18:47
Consumer Inflation Declines
In September, China's consumer inflation dropped to 0.4%, a decrease from the previous month’s 0.6% gain. Estimates by economists suggested a rise of 0.6%. This decline in consumer price index (CPI) indicates a potential slowdown in economic activity.
Producer Price Deflation Deepens
Simultaneously, the producer price index (PPI) fell by 2.8% year-on-year, widening from a 1.8% decline observed last month. The PPI values are below the anticipated 2.5% decline, emphasizing ongoing pressures within production sectors.
Stimulus Measures and Economic Outlook
- Beijing is implementing additional stimulus measures to combat weakening demand.
- Analysts are closely watching how these actions will influence China's economic activity.
- Despite government efforts, uncertainties remain regarding sustainable growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.