While pork prices – a key element in the country’s CPI basket – rose 97% from a year ago, that was actually slower than increases seen in October and November. They fell 5.6% in December from November.
(Jan 10): China’s consumer inflation steadied in December while factory price declines moderated, leaving room for monetary easing to cement a recent stabilisation in economic growth.
The consumer price index (CPI) rose 4.5% in December 2019 from a year earlier, matching November’s rate and halting the recent acceleration fuelled by surging pork prices. The producer price index (PPI) declined 0.5% from a year earlier versus a 1.4% drop in November.
