ECONOMY

China Consumer Inflation Climbs to Near Three-Year High

Published: Jan. 9, 2026 5:47 p.m. GMT+8

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Consumers select vegetables at a supermarket in Ji’an, Jiangxi province. Photo: VCG

China’s consumer inflation rose at the fastest pace in nearly three years in December, while factory-gate deflation eased more than expected, suggesting that price pressures were stabilizing at the end of 2025.

The consumer price index (CPI) increased 0.8% from a year earlier, up from 0.7% in November and the highest reading since early 2023, data from the National Bureau of Statistics (NBS) showed Friday. The result matched the average forecast in a Caixin survey of economists.

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China’s consumer inflation (CPI) rose 0.8% year-on-year in December 2025, the highest since early 2023.
Producer price index fell 1.9% year-on-year in December, less than expected, with a full-year fall of 2.6%.
Inflation remained subdued in 2025, with annual consumer prices flat and challenges in boosting domestic demand persisting.

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