China's consumer inflation hits near 3-year high, factory-gate deflation eases

BEIJING, Jan 9 (Reuters) - China's annual consumer price inflation hit a 34-month high in December while producer price deflation moderated, data from the National Bureau of Statistics showed on Friday.

The consumer price index (CPI) rose 0.8% from the same month in 2024, matching expectations in a Reuters poll. The index rose 0.7% in November.

On a monthly basis, CPI climbed 0.2% in December, compared with a 0.1% dip in the previous month and a forecast for a 0.1% rise.

The producer price index (PPI) fell 1.9% year-on-year, compared with a 2.2% fall in November and an expected drop of 2%.