Chinese Inflation Eases to 7-Month Low in December


In December, the annual consumer price index rose 2.5 percent, down from 3.0 percent in November to its lowest level since May of 2013. The slowdown was mainly driven by lower food prices.

Year-on-year, the inflation rate rose 2.5 percent both in cities and in rural areas. Food prices went up by 4.1 percent (down from 5.9 percent in November), while the non-food products index increased 1.7 percent. Costs of consumer goods went up by 2.2 percent and the prices of services grew by 3.3 percent. 

On a monthly basis, prices increased 0.3 percent (the same rate was registered in cities and rural areas). Prices of food went up by 0.6 percent, while the non-food costs rose by 0.1 percent. The prices of consumer goods increased 0.4 percent, and the prices of services remained unchanged.

Chinese Inflation Eases to 7-Month Low in December


National Bureau of Statistics of China | Nuno Fontes | nuno@tradingeconomics.com
1/9/2014 8:35:27 AM