China consumer prices pick up but factory deflation gets worse
China's consumer price index rose to 0.7% in November, the fastest in over a year, amid widespread deflationary pressures. Factory deflation worsened, with producer prices falling 2.2%. Core CPI remained unchanged at 1.2%. Gold jewelry prices surged 58.4%. The GDP deflator has declined for over two years. Despite achieving a 5% growth goal, nominal GDP growth is slower due to falling prices.
Straitstimes·
