China: Inflation inches up in December from November's five-year low
January 9, 2015
In December, consumer prices rose 0.3% over the previous month, which contrasted the 0.2% drop recorded in the previous month. The monthly reading, which represented the strongest increase in three months, reflected higher prices for foodstuffs as well as for medicine and medical care.
Annual inflation inched up from November’s five-year low of 1.4% to 1.5% in December. The print matched the result that market analysts had expected. Despite the slight increase in prices, the trend continues to point downward, with annual average inflation inching down from 2.1% in November to 2.0% in December.
Meanwhile, the producer price index fell 3.3% in December over the same month last year (November: -2.7% year-on-year), which marked the lowest rate since September 2012. Moreover, the print exceeded the 3.1% decline that market analysts had expected. The annual average variation of the producer price index inched down from minus 1.7% in November to minus 1.9% in December.