China – Dec consumer price index
11/01/2018 10:01 am MYT
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The consumer price index (CPI) in Dec rose 0.3%, month-on-month, and 1.8%, year-on-year – see table 1. Food prices rose 1.1%, month-on-month, but fell 0.4%, year-on-year. Non-food prices rose 0.1%, month-on-month, and 2.4%, year-on-year. Excluding food and energy, the CPI rose 0.1%, month-on-month, 2.2%, year-on-year. For the whole of 2017, the CPI rose 1.6% from 2016. The mild inflation rate was mainly due to a 1.4% fall in food prices, which recorded its first contraction since 2003 following an 8.1% decline in the prices of fresh vegetables as well as an 8.8% contraction in pork prices.

 

The ex-factory producer price index (PPI), a leading indicator of the CPI, rose by 4.9%, year-on-year, in Dec. For the whole of 2017, the PPI rose 6.3% from 2016, ending 5 consecutive years of decline – see figure 1. i Capital expects the inflation rate to be between 2-3% in 2018.

 

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