Cheap Chinese imports keep eurozone goods inflation down
Paper says prices may stay low because of excess capacity, weak Chinese demand and yuan
Cheap imports from China have kept non-energy industrial goods inflation down in the eurozone, new ECB research finds.
In a paper published in the ECB’s economic bulletin on June 25, a team led by Pablo Anaya Longaric finds that eurozone imports from China have been increasing while their prices have been falling. This, the authors say, is exerting some disinflationary pressure on total price growth in the eurozone.
The bloc is importing more bicycles, tools, appliances, furniture, textiles, and
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