Deflation in China impacting global disinflation efforts
Edited By WION Video Desk
Published: Dec 22, 2023, 03:30 IST | Updated: Dec 22, 2023, 03:30 IST
As 2023 draws to a close, disinflation appears to be the norm, except in China, where deflation continues to defy forecasts as cost pressures continue to surprise. The difference with the start of the year is stark. Consider US consumer prices, which rose at an annual pace of 6.5% in January and 6.4% in February before falling to 3.1% in November.
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