MADRID, 9 Dic. (EUROPA PRESS) -

The year-on-year inflation rate in China stood at 1.6% in November, which represents a drop of half a percentage point compared to the 2.1% registered in October and represents the smallest rise in prices since last March , according to data published by the National Statistics Office (ONE).

In this way, the inflation rate of the Asian giant in the first eleven months of 2022 stood at an average of 2%.

On the other hand, the prices of industrial production in China fell by 1.3% year-on-year in November, maintaining the rate of decline observed in October.

On average, from January to November, producer prices in China increased by 4.6% over the same period last year.

"Consumer price inflation fell to its lowest level in eight months and producer price inflation held at a 23-month low," said Julian Evans-Pritchard, chief China economist at Capital Economics.

In the expert's opinion, although the relief of the zero Covid strategy in China could put some upward pressure on prices in the future, "it seems unlikely that China will experience the increase in inflation that was seen in other countries when they opened" , so it is not afraid that inflation will become a major constraint.