Economy

China's Inflation Rate Dips to 0.2% in November, Raising Economic Concerns

China's Inflation Rate Dips to 0.2% in November

China's annual inflation rate came in slightly lower than expected at 0.2% in November, decreasing from the 0.3% figure registered last month, according to the country's National Bureau of Statistics.

On a monthly basis, consumer prices declined by 0.6%, against a 0.3% drop registered in the previous month.

Additionally, the Producer Price Index (PPI) declined by 2.5% year-on-year, marking a lower-than-anticipated drop and coming in lower than last month's 2.9% decline.