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China's inflation rate plunges to five-year low of 1.4 pc

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ANI London

The inflation rate in China fell to a five year low in November recording 1.4 percent fall against 1.6 percent in October.

The plunging inflation rate hints at China's continuing economic struggle.

According to the BBC, the reading was also below market expectations of a 1.6 percent rise.

Meanwhile, the producer prices were down to 2.7 percent from a year ago, resulting in a 33rd successive monthly decline.

The report said that economists had predicted a fall of 2.4 percent after a drop of 2.2 percent in the previous month as a cooling property market led to slowing demand for industrial goods.

 

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First Published: Dec 11 2014 | 3:05 PM IST

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