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9 Dec 2024

International Economy

China’s inflation rose by 0.2% YoY in November 2024, a five-month low, reflecting persistent deflationary risk (Business Brief No.4103 Full Ed.)

คะแนนเฉลี่ย
  • China’s inflation grew by 0.2 percent YoY in November 2024, falling short of market forecasts of 0.5 percent YoY and hitting a five-month low. This was primarily due to the increase in food prices, such as vegetables and meat, at a slower rate. Meanwhile, the producer price index contracted for the 26th consecutive month by 2.5 percent YoY. For full-year 2024, China’s inflation is expected to remain unchanged from the previous year.
  • In 2025, China’s inflation is expected to stay close to zero percent because: 1) overall domestic demand is likely to remain weak; and 2) overcapacity on the supply side is expected to remain an issue.
  • KResearch holds the view that the risk of deflation will remain a key factor pressuring the Chinese economy for the rest of 2024 and into 2025.

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International Economy