As food deflation accelerates in China, Hong Kong’s shoppers adapt behavior

Featured image of the article As food deflation accelerates in China, Hong Kong’s shoppers adapt behavior

An article by Morgane Monteiro

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Publication

23 February 2024 à 17h00

Updated on 26 February 2024 à 13h08

Reading time

1 minute

Publication: 23 February 2024 à 17h00, Updated on 26 February 2024 à 13h08

Reading time: 1 minute

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An article by Morgane Monteiro

Add mind Retail to your sources
Publication

23 February 2024 à 17h00

Updated on 26 February 2024 à 13h08

Reading time

1 minute

Publication: 23 February 2024 à 17h00, Updated on 26 February 2024 à 13h08

Reading time: 1 minute

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Since Q4 2023, China has been facing deflation. According to the Bureau of National Statistics, the country saw in 2023 the biggest price drop in over 10 years : this was particularly true for food products, where prices fell by 0.3% year-on-year.

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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