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China's consumer inflation eases in December amid ongoing producer price decline

share-iconThursday, January 09 comment-icon1 week ago 8 views
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reutersREUTERS
China's consumer inflation eases in December amid ongoing producer price decline

Credited from: REUTERS

  • China's consumer inflation registered a modest increase of 0.1% year-on-year in December, showing a slowdown from November's 0.2% rise.
  • This represents the weakest pace since April 2023, as per data from the National Bureau of Statistics.
  • The consumer price index remained unchanged from the previous month, in line with forecasts.
  • In contrast, the producer price index (PPI) saw a 2.3% decline year-on-year, which slightly improved from 2.5% in November.
  • These trends occur alongside Beijing's efforts to enhance policy support for the struggling economy.

Read more at Reuters.


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