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China’s Consumer Prices Gain in December After Brief Decline

  • CPI rose 0.2% from a year ago, higher than forecasts
  • Core inflation eased after remaining steady for several months
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China’s consumer prices rose in December after briefly declining in the previous month, while factory-gate deflation eased further, providing more evidence of the country’s economic recovery.

The consumer price index rose 0.2% last month from a year earlier, following a 0.5% decline in November, the National Bureau of Statistics data said Monday. The median forecast in a Bloomberg survey of economists was for it to be unchanged. Factory deflation narrowed, with the producer price index registering a 0.4% decline, compared with a 1.5% drop in November.