China consumer inflation hits near two-year high despite deeper-than-expected producer deflation

People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024.  Adek Berry | AFP | Getty Images China’s consumer inflation climbed in November to hit its highest level in nearly two years, while producer price deflation deepened, underscoring the challenge policymakers face in reviving domestic demand amid…

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