In China, the deflationary pressures eased in October as consumer prices returned to growth after remaining in negative territory for most of the year, supported by holiday season demand. At the same time, the decline in wholesale prices also slowed.
China's Inflation Returns to Growth
China's consumer prices grew in October, ending a period of deflation that had lasted most of the year. This shift is attributed to increased demand ahead of the holiday season and a slowdown in the decline of wholesale prices.