China’s Economy Under Pressure as Inflation Drops at Fastest Pace in 14 Years

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Customers shop for vegetables on Jan. 19 at a produce market in a village outside Shenzhen, South China’s Guangdong province. Photo: Bloomberg

(Bloomberg) — China’s consumer prices fell last month at the fastest pace since the global financial crisis, piling more pressure on the government to step-up support for a stumbling economic rebound that’s roiling markets.

The consumer price index (CPI) fell 0.8% in January from a year ago, the National Bureau of Statistics said Thursday, the weakest since September 2009. The drop was worse than economists’ expectations for a 0.5% decline.