China’s factory-gate prices extended a record stretch of declines, with the sharpest drop in two years in December, suggesting room for further monetary easing.
The producer-price index slumped 3.3 percent from a year earlier, the National Bureau of Statistics said in Beijing today, compared with the median projection for a 3.1 percent decline in a survey of analysts by Bloomberg News. The slide has yet to be fully reflected in consumer prices, which rose 1.5 percent, matching the median estimate.
