By South China Morning Post | Created at 2025-01-09 01:41:29 | Updated at 2025-01-09 15:11:27
13 hours ago
Despite efforts to stimulate consumption, China’s consumer price growth fell short of expectations in December, adding uncertainty to the recovery prospects of the world’s second-largest economy.
The consumer price index, a key measure of inflation, rose by 0.1 per cent year on year last month, compared with a 0.2 per cent increase in November, the National Bureau of Statistics said on Thursday.
The figure was lower than the 0.16 per cent growth forecast in a poll by financial data provider Wind.
Meanwhile, the producer price index, which tracks factory gate prices, fell by 2.3 per cent in December, marking the 27th consecutive month of decline. In November, it was down 2.5 per cent.
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