China's Price Plunge: Fastest Consumer Cost Drop in Over a Decade Signals Economic Woes China’s economy is facing challenges as consumer prices have fallen at the quickest rate in nearly 14 years, signaling a tough road ahead for its economic recovery. In January, the consumer price index, which measures the average change in prices paid by consumers for goods and services, decreased by 0.8% compared to a year earlier, marking the most significant drop since September 2009. This decline in consumer prices, more than what economists had anticipated, suggests China is under deflationary pressure, meaning prices are decreasing across a wide array of goods and services. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Morgan Stanley Economist Foresees Inevitable Recession Due to Fed's Rate Hikes READ MORE US Cancels Latest Oil Reserve Refill Plan Amid High Prices READ MORE Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt READ MORE Big banks are getting what they want from Washington READ MORE Credit Markets Show Unwavering Strength Amid Rising US Inflation Concerns READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
