The Chinese National Bureau of Statistics reported that CPI dropped to 2.4% in November, down from 5.9% in October. The big drop is due ot falling oil and commodity prices.
It was just a very few months ago that inflation was the biggest worry. I guess the only countries that don’t like falling oil prices ar OPEC member nations.
Related Posts
- China PPI rises to 8.1% (05/09/08)
- China inflation slows (09/10/08)
- China inflation drops (09/11/08)
- April inflation surges in China (05/11/08)
- McDonalds raises prices in China (06/26/08)
