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China Slumps Into Deflation Again, With First Negative Core CPI Print Since 2021
China Slumps Into Deflation Again, With First Negative Core CPI Print Since 2021 After a year of modest, barely perceptible inflation, China's CPI tumbled back far more than expected to fall below zero for the first time in 13 months, an assessment skewed by seasonal distortions but also a sign of deflationary pressures persisting in the economy. Here is the summary: CPI: -0.7% yoy (-3.5% mom annualized*) in February vs. Bloomberg consensus: -0.4% yoy; January: 0.5% yoy (-1.7% mom
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