Fxstreet.com, 22 Dec 2008
BEIJING, Dec 22 (Reuters) - A measure of Chinese wholesale prices fell sharply in November, offering the latest evidence that the world's fourth-largest economy could be getting closer to deflation.
The corporate goods price index (CGPI) fell 0.4 percent in November from a year earlier, down sharply from October's 4.0 percent rise, the People's Bank of China said on Monday.
It was the first time since December 2002 that the index has fallen from its year-ago level.
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UPDATE 1-China corporate goods prices plummet in November - 22 Dec 08
