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China consumer inflation hits fastest pace since February 2023, in line with expectations
Consumer inflation rose 0.8% year-on-year in December, the fastest since February 2023, while factory-gate prices fell 1.9%, reflecting weak demand amid economic challenges.
- China's consumer inflation accelerated to 0.8 percent year-on-year in December, marking the highest level since February 2023, according to the National Bureau of Statistics .
- Food prices contributed significantly to inflation, rising by 1.1 percent year-on-year in December, as stated by Dong Lijuan, an NBS statistician.
- The producer price index fell by 1.9 percent year-on-year in December, a narrowing decline from November, according to NBS data.
- Overall, policies expanding domestic demand and consumption have shown positive impacts in China, as indicated by Dong Lijuan from NBS.
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Coverage Details
Total News Sources18
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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