China's November consumer price index fell 0.5% compared to the same month last year, the first negative figure in about 11 years, due to lower prices for pork and other products.
Last month's consumer price index, released by the National Bureau of Statistics of China on the 9th, fell 0.5% compared to the same month last year.
This is mainly due to the fact that the price of pork soared due to the infectious disease of pigs last year and the price of gasoline fell, and the consumer price index in China is negative. It's been about 11 years since October 2009.
On the other hand, excluding food and energy, which have large price fluctuations, from consumer prices, it increased by 0.5% compared to the same month last year.
The Chinese economy has continued to pick up due to the effects of the spread of the new coronavirus infection, but raising the level of personal consumption has become an issue.