The consumer price inflation for April eased from peaks earlier in the pandemic, but China’s factory gate price index saw its steepest fall in four years, meaning a factory price deflation. What do those numbers say about China’s economic policies for the rest of the year?
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In This Story: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.