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SMF Blogs > SMF Asian Markets > March 2009 > China consumer prices fall, stoking threat of deflation

China consumer prices fall, stoking threat of deflation

 

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SMF reports a drop in China's consumer prices in February further darkened the country's economic outlook and reinforced worries of deflationary pressures.

China's CPI fell 1.6% from a year earlier in February, the National Bureau of Statistics said it was the first year-to-year decline in the consumer-price index in more than six years.

Many economists said the headline CPI may only fall for a relatively limited period, since the decline mainly reflects much higher prices in the first half of last year.

The risk is that sliding prices could spur consumers to delay purchases in the hope of clinching better bargains in future, hampering Beijing's efforts to yank the world's third largest economy out of its most severe growth slump in more than a decade.


 

Prepare yourself for the "New Economy"


 
Posted: 3/10/2009 7:36:28 AM by StockMarketFunding | with 0 comments


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