Thursday, November 14, 2024

Chinese producer prices fell for the 16th consecutive month in January.Consumer prices fall again

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People buy Spring Festival decorations at a market in Zixing, central China’s Hunan province, on February 4, 2024.

Photo | Future Publishing | Getty Images

China’s producer prices fell for the 16th straight month in January, while consumer prices fell for the fourth straight month. The data underscores the depth of the challenges facing Beijing in rebuilding the world’s second-largest economy.

China’s producer price index fell 2.5% year-on-year in January, the National Bureau of Statistics announced on Thursday, following a 2.7% decline in December and slightly above expectations for a 2.6% decline.



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