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China's consumer inflation slows in Dec

ReutersJan 9, 2025 1:42 AM

- China's consumer inflation slowed in December, while producer price deflation persisted, as Beijing ramped up policy support to bolster a faltering economy.

The consumer price index crept up 0.1% last month year-on-year, slowing from November's 0.2% increase and the weakest pace since April, data from the National Bureau of Statistics showed on Thursday. That was in line with forecasts in a Reuters poll of economists.

CPI was flat month-on-month, against a 0.6% decline in November and matching forecasts.

The producer price index dropped 2.3% year-on-year in December, slower than the 2.5% fall in November and an expected 2.4% decline.

(Reporting by Qiaoyi Li and Ryan Woo; Editing by Sam Holmes)

((qiaoyi.li@thomsonreuters.com;))

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