Deflation arrives for the Chinese consumer

Tuesday, 10 November 2015

The China inflation numbers are out and forget it. They are now the China deflation numbers with October CPI down -0.3% on the month and at just 1.3% year on year. The producer price index continues to bump along the bottom at -5.9%:

There is NO sign of any Q4 recovery here because it ain’t coming. Watch the calls for greater Chinese stimulus fly!

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.