From Investing.com: 2024-11-16 03:30:00

Recent economic data from China shows subdued inflation despite new stimulus measures. October’s Consumer Price Index met Citi Research’s forecast at 0.3% year-on-year, below the market’s 0.4% expectation. The Producer Price Index contracted by 2.9%, signaling challenges in igniting inflation. Food prices fell due to easing supply conditions, while energy prices declined reflecting global oil market volatility. The current stimulus package faces mixed effects, with efforts to boost consumer spending potentially contributing to deflationary pressures. More robust domestic demand policies may be needed to counter deflationary trends, with potential discussions at the upcoming Central Economic Work Conference in December. Policymakers may need to enhance fiscal and monetary responses amid external risks for sustainable reflation.



Read more at Investing.com: Is the latest stimulus enough to generate inflation? By Investing.com