Inflation & Prices
China Consumer Prices Weaken Further, Adding to Deflation Worries
- Consumer inflation decelerated for fourth straight month
- Persistent deflationary pressures threaten to curtail spending
Officials led by President Xi Jinping last month made boosting consumption and domestic demand the top priority this year for only the second time in at least a decade.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s consumer inflation weakened further toward zero, decelerating for a fourth straight month in a setback for government efforts to stamp out deflation and revive demand with economic stimulus.
The consumer price index rose 0.1% in December from a year earlier, in line with the median forecast of economists surveyed by Bloomberg. Factory deflation extended into a 27th month, though the producer price index recorded a slower drop of 2.3%, the National Bureau of Statistics said Thursday.