Inflation Rate: Inflation and Statistics Nbs

inflation rate: The November consumer price index, an important gauge of inflation, jumped 4.5 percent year-on-year, marking a 94-month high, according to Global Times China. Economic slowdowns usually lead to a fall in the inflation rate due to lower demand, but higher inflation amid a slowing economy is more likely to result in stagflation. China's manufacturing purchasing managers' index PMI stayed below 50 for six consecutive months in the May-October period before finally edging up to 50.2 in November, indicating a slight expansion. There are many theories as to why China's economic growth has been slowing. Data from the National Bureau of Statistics NBS shows that in the first three quarters of this year consumption spending contributed 60.5 percent to economic growth, while the contribution of capital formation to GDP growth was 19.8 percent, and that of net exports was unusually high at 19.6 percent. The US-China trade war may be a factor, but its impact on the Chinese economy is not as great as many think. (news.financializer.com). As reported in the news.