As the price of pork continues to fall, analysts say food is no longer the major driver of China’s official consumer price index like it used to be. Photo: EPA-EFE As the price of pork continues to fall, analysts say food is no longer the major driver of China’s official consumer price index like it used to be. Photo: EPA-EFE
As the price of pork continues to fall, analysts say food is no longer the major driver of China’s official consumer price index like it used to be. Photo: EPA-EFE

As China’s consumer inflation rate hits 11-year low, economists warn of possible deflation in coming months

  • Analysts expect the headline consumer inflation rate to turn negative in November and possibly stay there into 2021
  • But signs point to a drop in pork prices being the main culprit in dragging down the consumer price index to an annual rate of just 0.5 per cent in October, year on year

Topic |   China economy
As the price of pork continues to fall, analysts say food is no longer the major driver of China’s official consumer price index like it used to be. Photo: EPA-EFE As the price of pork continues to fall, analysts say food is no longer the major driver of China’s official consumer price index like it used to be. Photo: EPA-EFE
As the price of pork continues to fall, analysts say food is no longer the major driver of China’s official consumer price index like it used to be. Photo: EPA-EFE
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