China’s economy remained mired in deflation last month, official data showed on Wednesday, highlighting the challenge for policymakers eager to boost domestic demand as trade tensions escalate with the US.
Consumer prices fell 0.3 per cent year-on-year in September, marginally lower than anticipated by economists forecast in a Reuters poll. This follows a 0.4 per cent drop in August. The figures have been positive for only two months of this year.
The producer price index, which has been in negative territory for the past three years, declined 2.3 per cent.
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