BEIJING (Reuters) – China's consumer price inflation slowed in December, while producer prices continued to deflate, as Beijing steps up political support to prop up the faltering economy.
Data from the National Bureau of Statistics showed on Thursday that the consumer price index rose 0.1% last month year-on-year, slowing from a 0.2% increase in November and the weakest pace since April. This is consistent with the expectations of economists polled by Reuters.
The CPI was flat month-on-month, versus a 0.6% decline in November and in line with expectations.
The producer price index fell 2.3% year-on-year in December, slower than the 2.5% decline in November and the expected 2.4% decline.
