China's consumer prices back in decline as recovery wobbles

<p>China's consumer prices back in decline as recovery wobbles</p><p><a href="https://piqsuite.com/reuters/chinas-consumer-prices-back-in-decline-as-recovery-wobbles" target="_blank" rel="nofollow">FULL STORY</a></p><p>China's consumer prices swung lower in October, as key gauges of domestic demand pointed to weakness not seen since the pandemic, while factory-gate deflation deepened, casting doubts over the chances of a broad-based economic recovery. </p><p>The consumer price index (CPI) dropped 0.2% in October from a year earlier and slipped 0.1% from September, data from the National Bureau of Statistics (NBS) showed on Thursday.</p><p>The headline figure was dragged by a further slump in pork prices, down 30.1%, speeding up from a 22% slide in September, amid an oversupply of pigs and weak demand.</p><p>**Usual caveats apply when dealing with Chinese data</p>

This article was written by Ryan Paisey at www.forexlive.com.