China’s inflation drops to five-month low, despite stimulus
Some analysts expect PBoC to deliver further cuts in rates and RRRs by end of 2025
China’s consumer price index (CPI) inflation has fallen to its lowest level since June, according to data released by the National Bureau of Statistics today (December 9).
The year-on-year CPI figure was 0.2% in November, 10 basis points lower than the 0.3% reported in October. On a monthly basis, CPI inflation was -0.6%, the lowest level since March.
Year-on-year core inflation, which excludes volatile food and fuel prices, was 0.3% in November, up from 0.2% in October.
The latest figures came
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