China Nov consumer inflation eases to 5-year low of 1.4%

China's inflation hit a five-year low in November, stoking expectations that Beijing will move more aggressively to head off the risk of deflation in a slowing economy, which put fresh life into soaring share markets after a reversal on Tuesday. Consumer price inflation grew at its slowest rate in five years in November, while the producer pricing index (PPI) is already reading negative after its 33rd straight monthly decline, down 2.

7% from a year earlier. "The PPI deflation clearly suggests Chinese corporates are.

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