China saw deflation in consumer prices for the first time in more than 11 years in November due to a drop in food prices, official data showed Wednesday.
The consumer price index, which measures changes in prices of a basket of consumer goods and services, fell 0.5% year-on-year in November, marking the first decline since October 2009, according to data from the National Bureau of Statistics, or NBS. In October this year, the CPI rose 0.5% year-on-year.
