China consumer prices rise slowest in 4 months, despite stimulus

People were buying fruit at an agricultural trade market in China on May 11, 2024. In October, consumer prices in China rose at the slowest rate in four months, while producer prices continued to fall. Despite this, the government approved a $1.4 trillion package to help local governments with debt. Analysts believe this may not have an immediate impact on the economy. The central bank has also implemented aggressive monetary measures to boost growth. More stimulus is expected, but some believe China may be holding back until after the US presidential transition. Inflation is expected to remain low, with producer prices not expected to rise until 2025.