Um, no, that's deflation, not matter how your labelizer comes out with it.
Shaun Richards
@notayesmansecon
If you recall when pork prices were soaring in China well this is the other side of the coin.
However it is disinflation not deflation for me as the latter involves a fall in demand.
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Tracy Alloway
@tracyalloway
·
6h
China's pork deflation is pretty stunning, with pork CPI falling 31.8% year-on-year and dragging down overall CPI in November by about 0.58 ppt.
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