Consumer prices rose by 6.3% over the 12 months to August 2023
https://www.cso.ie/en/releasesandpublications/ep/p-cpi/consumerpriceindexaugust2023/?utm_source=Mastodon&utm_medium=Mastodon&utm_campaign=Consumer+Price+Index+August+2023&utm_term=Consumer+Price+Index+August+2023

#CSOIreland #Ireland #CPI #ConsumerPrices #Inflation #Deflation #Prices #BusinessStatistics #Business #BusinessNews #IrishBusiness

What's happening in #China wrt #deflation is pretty simple: people there were using the housing market as a replacement for banks assuming that prices will always continue to go up. They didn't, and now they're poorer, so they're holding on to their remaining cash. Hence deflation. How do you correct this when the property market makes up a third of China's wealth? Absolutely nuts! #economics

As #China slides into #deflation for the 1st time since 2021, consumer prices fell 0.3% year on year in July, people are thinking carefully about how they spend their money, chart @FT bit.ly/45ksAlb

While the UK continues to suffer high #inflation, #China has slipped into #deflation...

As we may be about to see, this can cause serious issues for market economies too;

Facing deflation the rational decision on any discretionary purchase is to delay (and wait for further price drops)... such delays start to encourage further prices falls, confirming any decision to delay & indeed suggesting further delay is (also) rational.

A viscous circle results;

is this about to happen in China?

“Apartments in China are commonly delivered by builders without amenities like sinks and washing machines, or even basics like closets or flooring. Because rents are so low, many investors have not bothered to finish apartments over the past decade, holding newly built but hollow shells in the expectation of flipping them for ever-higher prices. By some estimates, Chinese cities now have 65 million to 80 million empty apartments.” #Deflation https://www.nytimes.com/2023/08/22/business/china-economy-property.html?unlocked_article_code=zAmdNSiFgmN0EUrx6ewptRoxTwjanu8UWoEeMx9c_Zatj5rFYErMxibPZuyefTeORZd-Up2MM0t_FEdp3HtR52PbKhA4Wo8jiLtQ-OliiKqaNVx70uY4QOY2SWbwYov7F1M0m2-LWUz0PO_23HI-Fc6qHO91hPbnyLtSV0nL6cIdO4_X6I_O9fV7GkFXtDVrgjuK8X1jAZSFlvSUt6IRLBzV42DplNeLVtwGjdxNM-uH0bnZ8VaJEuJfn7jno8ywf1QOwqHiz0lo2tdrpMBaFXLdyI2lhBYy9_xjwWYhnHXzbFzlfyBxUY3PlBl6mXKPTHyet0W91szpJm4ZUbAiApw&smid=nytcore-ios-share&referringSource=articleShare

11-year-old-readable: China's economy faces deflation as prices fall

#china #deflation #economy #gentle #prices
https://usnewsper.com/2023/08/11-year-old-readable-chinas-economy-faces-deflation-as-prices-fall/?feed_id=25841&_unique_id=64e37346e2221

Deflated doggos

#inflatable #squeak #roxi #balto #deflation

Global investors dump Chinese securities as state support hopes fade

> [..] calculations based on data from Hong Kong’s Stock Connect trading scheme show that investors have almost completely reversed Rmb54bn ($7.4bn) in net purchases of Chinese equities that followed a July 24 pledge from the politburo of top Communist party leaders to increase policy support.
https://archive.ph/2023.08.17-005744/https://www.ft.com/content/5b4e0042-49c0-463c-b679-e97de96de12d #China #economy #inflation #deflation

#Deflation: Why falling prices in #China raise concerns

https://www.bbc.com/news/business-66435870

China’s economic landscape has taken a notable turn as it slides into deflation, marked by a decline in consumer prices.

#China #Inflation #ConsumerPrice #Deflation #ChinaEconomy #WorldNews #Economy

https://www.ganganews.com/world/implications-chinas-economy-slips-into-deflation/

#deflation and the term "balance sheet recession" is on everyone's lips again, this time in relation to #China - some 13y ago, I was delighted to have a brief interview with the originator of that phrase, #RichardKoo - #Nomura Research https://tinyurl.com/4t2jhyde

Consumer prices rose by 5.8% over the 12 months to July 2023
https://www.cso.ie/en/releasesandpublications/ep/p-cpi/consumerpriceindexjuly2023/?utm_source=mast&utm_medium=mast&utm_campaign=CPI
#CSOIreland #Ireland #CPI #ConsumerPrices #Inflation #Deflation #Prices #BusinessStatistics #Business #BusinessNews #IrishBusiness

Konjunkturflaute: Chinas Wirtschaft rutscht in die Deflation

Die Verbraucherpreise in China sind im Juli gesunken. Damit ist es nun zur Deflation gekommen. Setzt sich die Abwärtsspirale der Preise fort, könnte das verheerende Folgen für die Wirtschaft haben.

➡️ https://www.tagesschau.de/wirtschaft/weltwirtschaft/china-deflation-100.html?at_medium=mastodon&at_campaign=tagesschau.de

#China #Deflation #Verbraucherpreise

US core goods #inflation still coming down -- input cost #deflation has helped #margins but at least the outright #inflation impulse has reversed, chart @TS_Lombard

China slips into deflation as post-COVID recovery stalls – DW

>Consumer prices within China dropped by 0.3% year-on-year in July while Beijing also reported its steepest plunge in exports since the pandemic.
https://www.dw.com/en/china-slips-into-deflation-as-post-covid-recovery-stalls/a-66478163 #China #recession #inflation #deflation #economy

Q. will the #deflation in #China ripple out across the world (through trading & #supplychains) easing pressure (in the UK especially) on #inflation?

well, I'm sure #RishiSunak whose entire strategy for the next #election is to hope something will come along, is crossing his fingers.

China's consumer prices swing into decline as deflation risks build - CNA

>China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday (Aug 9), as lacklustre demand weighed on the economy.
https://www.channelnewsasia.com/business/chinas-consumer-prices-swing-decline-deflation-risks-build-3687056 #China #Deflation #inflation #economy #recession

#euro area goods #deflation signals flashing, while services disinflation continues, chart @TS_Lombard

Talking about #deflation publicly is also off-bounds for many #Chinese analysts. One economist at a local brokerage said he was instructed by regulators not to discuss deflation. He was told to promote the narrative that #China ’s economy is steadily improving, he said, chart @YahooFinance https://tinyurl.com/mr8da94y

Using GDP #deflator - a measure of economy-wide prices - #China is already in #deflation ... #IMF defines #deflation as “a sustained decline in an aggregate measure of prices,” such as CPI or the GDP deflator, chart @YahooFinance https://tinyurl.com/mr8da94y