China CPI grows 2.5% y-o-y in Dec. , inflation easing further
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E-mail CNTV, January 9, 2014
China's National Bureau of Statistics has just released the inflation figures for December. The figures show inflation in China easing in December.
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China's consumer price index (CPI), a main gauge of inflation, grew 2.6 percent year on year in 2013, and 2.5 percent in December of 2013, the National Bureau of Statistics said on Thursday. |
The consumer price index or CPI, a main gauge of inflation, grew 2.5 percent year on year in December, down from the 3 percent in November. Inflation was 2.5 percent in cities and in rural areas. Food prices were the major driver, rising 4.1 percent in the last year, while non-food products edged up only 1.7 percent.
Meanwhile, the CPI rose 2.6 percent year-on-year, well below the government target for the year of 3.5 percent. It shows price rises last year were moderate and stable.
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