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

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