Annual inflation rate in China was three times lower than forecasts 02:48

China’s State Statistics Agency (SSA) reported that annual inflation in the country was 0.1% in August 2023, while the forecast was 0.3%. Relevant data is published at: Web site to manage.

According to the State Statistics Service, prices in cities increased by 0.2%, while prices in rural areas decreased by 0.2%. It was reported that food prices decreased by 1.7% and consumer goods prices decreased by 0.7%. At the same time, prices of non-food products increased by 0.5%, and in the service sector by 1.3%.

“National consumer prices increased by 0.5% in the January-August period compared to the same period last year,” the agency said.

Before that, economist Konstantin Tserazov stated About the risk of increasing inflation in the Russian Federation due to the slowdown in the growth of the PRC economy. According to him, this could deal a double blow to Russia’s energy exports, especially oil.

Previously recognizedHow will the weakening of the ruble affect the state of the economy?

Source: Gazeta


More from author

US Republican National Convention to announce Trump as presidential candidate 01:04

The US Republican Party Convention will announce former President Donald Trump as its candidate for the November presidential election. This was reported by DEA...

Lawyer explains how Russian retirees can cancel their debts 00:44

Russian pensioners can apply for bankruptcy proceedings to cancel their debts. Lawyer Alexander Shefer spoke about this "Rossiyskaya Gazeta". According to him, if a citizen...

Pilot disclosed details of Ukrainian special services’ request to hijack Tu-22M3 07/14/2024, 23:22

The Russian pilot, whom the Ukrainian special services tried to recruit to smuggle the Tu-22M3 strategic bomber abroad, told the details of what happened....

Russia plans to gradually index scrap tax on cars 00:54

The Government of the Russian Federation plans to establish a step-by-step annual indexation of the recycling fee for cars, buses and certain items of...