Subdued price levels point to more policy easing in China

Source: Xinhua | January 9, 2015, Friday |

Online Edition

CHINA'S consumer inflation remained weak in December, while price declines at the factory gate level continued to deepen, suggesting weakness in the world's second-largest economy but giving policy makers more room to take easing measures.

Growth in the consumer price index (CPI), the main gauge of inflation, rebounded to 1.5 percent in December from November's 1.4-percent rise, its slowest increase since November 2009, the National Bureau of Statistics (NBS) said Friday.

On a monthly basis, December's CPI edged up 0.3 percent against the previous month, reversing the downward trend experienced since September.

China's consumer prices grew 2 percent in 2014 from one year earlier, well below the government's 3.5-percent target set for the year. It was also below the 2.6-percent growth registered in 2013.

Producer price index (PPI) slumped 3.3 percent in December from one year earlier, the sharpest fall in more than two years, and the decline deepened from November's 2.7-percent fall.

Tumbling oil and other commodity prices have extended the run of producer-price declines to a record 34 months.

PPI fell 1.9 percent year on year in 2014.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Subdued price levels point to more policy easing in China

Email this to your friend