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Prices of fast-moving consumer goods in China decline for the first time in five years amid coronavirus outbreak – research

China faces its first decline in prices for everyday consumer goods in five years, as a growing move toward online shopping further pressured prices and led to lower overall sales, a report by consulting firm Bain and Co. Inc. says.

Prices of FMCG, which includes packaged foods, beverages, skincare products, shampoos and over-the-counter drugs, dropped 2.1 per cent from January to September, the first time since 2015 that the sector has reported a deflation . . .

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