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China's consumer prices swung lower in October, as key gauges of domestic demand pointed to weakness not seen since the pandemic, while factory-gate deflation deepened, casting doubts over the chances of a broad-based economic recovery.
Supporting the case for global inflation easing further this year, data showed China’s consumer inflation hit an 18-month low and factory-gate price declines sped up in March as demand remained weak.
Source: https://business.inquirer.net/395355/world-stocks-hold-on-to-upbeat-mood-dollar-stalls