China Inflation Rate 2024 Forecast. China’s annual inflation rate unexpectedly eased to 0.2% in november 2024 from 0.3% in the previous month, falling short of market forecasts of 0.5% and marking the lowest. While inflation fell in 2023 largely on account of lower energy and food prices, it is expected to increase gradually to 1.3 percent in 2024 as the output gap narrows and the base.
We now expect that the region’s economy will slow less than we previously projected as inflation pressures continue to dissipate. The outlook for asia and the pacific in 2024 has brightened:
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