- Analytics
- News and Tools
- Market News
- China's consumer price inflation returned to positive territory
China's consumer price inflation returned to positive territory
RTTNews reports that data published by the National Bureau of Statistics showed that China's consumer price inflation returned to positive territory in December after turning negative for the first time in more than a decade in November.
Consumer prices climbed 0.2 percent on a yearly basis in December, reversing a 0.5 percent fall in November. Economists had forecast prices to gain 0.1 percent.
Food prices grew 1.2 percent, in contrast to November's 2 percent decline as pork prices increased 6.5 percent from the previous month. At the same time, non-food prices remained flat.
Month-on-month, consumer prices were up 0.7 percent, which was faster than the 0.4 percent growth expected by economists.
Meanwhile, core consumer price inflation slowed marginally to 0.4 percent from 0.5 percent.
Another report from NBS showed that producer prices declined 0.4 percent year-on-year in December, but much slower than the 1.5 percent decrease seen in November and the expected fall of 0.8 percent. On a monthly basis, factory gate prices advanced 1.1 percent in December, the fastest since December 2016.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
