China Fell into Deflation First Time in More than a Decade

<p>The country recorded deflation for the first time since October 2009. Headline CPI contracted -0.5% y/y in November, compared with consensus of a flat reading and a +0.5% gain in October. Food inflation dropped -2% y/y in November following a +2.2% gain in October. Of which egg and pork prices showed the biggest decline, falling […]</p>
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