Goods in China get cheaper. Hello, you're listening to the Marketplace Morning Report live from the BBC World Service. I'm Leanna Byrne and a very good morning to you.

The price of goods and services in China actually went down by the most they have in 15 years last month

And yes I said down sounds good doesn't it but it's not good news for China's economy and puts it at risk of something called

deflation. Here's the BBC's Monica Miller. Well China's consumer prices fell

at their steepest pace in more than 14 years in January a year on year. I mean, that's down 0.8%.

And this is the fourth straight month of declines and the biggest contraction since 2009.

Also, it's a producer price index had dropped about 2.5% from a year earlier in January.

Now China's economy has been dealing with slowing prices since early last year and

it's been forcing policy makers there to cut interest rates to

encourage growth in China so it doesn't face deflation. Now many big economies are

dealing with inflation and trying to tame the rising cost of living, but in this case

deflation is a sign that there's declining confidence in the economy. So the people

they are worried about employment, they're worried about the economy, so they're spending less and they're saving more.

China has some real issues to contend with including a deepening property crisis,

weaker exports, that's due to soft global demand.

And just a few days ago, China stock market saw a major sell-off of stocks of almost 2 billion dollars.

So not just people on the mainland are concerned about the economy, but international investors as well.

Monica Miller there. Now let's see the numbers.

Merisk, the world's second largest shipping company says it's lost this year could be as high as

five billion dollars because of the disruptions in the Red Sea and here's another

number for you 80 that's the percentage of flights Germany's main airliner

Lofansa had to cancel because of strikes by

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