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BEIJING (Reuters) – China’s consumer inflation slowed in December, while producer price deflation persisted, as Beijing ramped up policy support to bolster a faltering economy.
The consumer price index crept up 0.1% last month year-on-year, slowing from November’s 0.2% increase and the weakest pace since April, data from the National Bureau of Statistics showed on Thursday. That was in line with forecasts in a Reuters poll of economists.
CPI was flat month-on-month, against a 0.6% decline in November and matching forecasts.
The producer price index dropped 2.3% year-on-year in December, slower than the 2.5% fall in November and an expected 2.4% decline.
