Why China’s war on deflation is faltering in real time

NEW YORK – Earlier hopes that China had beaten deflation took a hit this week. China’s consumer prices rose just 0.5% year-on-year in July, down from June’s 1% rate — the slowest pace in six months and the third straight month of deceleration, despite surging energy prices amid Strait of Hormuz disruptions. Producer prices slowed
The post Why China’s war on deflation is faltering in real time appeared first on Asia Times.Asia TimesRead More