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    11.01.2016 09:34 Chinese consumer price index rises at annual rate of 1.6% in December

    The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Saturday. The Chinese consumer price index (CPI) rose at annual rate of 1.6% in December, in line with expectations, after a 1.5% gain in November.

     

    Food prices rose at an annual rate of 2.7% in December, while non-food prices increased 1.1%.

     

    On a monthly basis, consumer price inflation increased 0.5% in December, after a flat reading in November.

     

    The Chinese producer price index (PPI) dropped 5.9% in December, missing expectations for a 5.8% fall, after a 5.9% decline in November.


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