Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing the prices decline instead of rise.
Inflation happens when prices rise and purchasing power falls, while deflation occurs when prices drop and purchasing power increases. Both can strain an economy if they move too far in either ...
Consumers saw prices for some goods and services deflate in May, amid a backdrop of broadly easing inflationary pressures. Whereas inflation is a measure of how quickly consumer prices are rising, ...
China's annual consumer inflation accelerated to a 21-month peak in November, mainly driven by food prices, while ...
China is likely to stick to its current annual economic growth target of around 5% next year, government advisers and ...