China consumer prices fell for the first time since 2009, factory-gate prices dropped at slower pace

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China's consumer prices declined year over year for the first time since October 2009 in November dragged by falling pork prices. Its factory-gate prices dropped at a slower pace in November, adding to signs that the world’s second-largest economy is rebounding from the COVID-19 pandemic.

China’s official consumer price index (CPI) fell by 0.5 per cent in November from a year earlier, compared to 0.5 per cent growth in October, according to the National Bureau of Statistics (NBS). This was the lowest since it also reached minus 0.5 . . .

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