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 Is it a golden era for gold? READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Fed's Key Inflation Rate Aligns with Expectations, Boosting S&P 500 READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial Stability READ MORE Add a Comment Cancel replyYour email address will not be published.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