Caixin
Jan 10, 2018 12:49 PM
ECONOMY

China’s Industrial Inflation Falls to 13-Month Low in December

Julian Evans-Pritchard, an analyst with research firm Capital Economics, said that December's increase in the consumer price index was
Julian Evans-Pritchard, an analyst with research firm Capital Economics, said that December's increase in the consumer price index was "entirely" driven by increases in food price and that "broad price pressures are easing." Above, Vegetables are displayed at a supermarket in Hangzhou, Zhejiang province, on Aug. 9. Photo: Visual China

The growth in China’s producer prices slowed to its weakest rate in 13 months in December, official data showed Wednesday, with some analysts expecting industrial inflation to decline further this year on moderating economic expansion.

The producer price index (PPI), which measures changes in the prices of goods bought and sold by manufacturers and mining companies, rose 4.9% year-on-year last month, its lowest reading since November 2016, according to the National Bureau of Statistics (NBS). The reading was marginally above the median projection of an increase of 4.8% from a survey of economists by Bloomberg News.

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