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China's CPI growth dips to 4.1 pct in Dec. (2)


10:41, January 12, 2012

A customer chooses leisure food in a supermarket in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, on Jan. 2, 2012. (Xinhua/Peng Zhaozhi)

BEIJING, Jan. 12 (Xinhua) -- The December inflation figure was in line with the market expectation, as many economists forecast that the CPI would grow around 4 percent year-on-year in December.

China's Producer Price Index (PPI), a major measure of inflation at the wholesale level, rose 1.7 percent in December year-on-year, further weakening from 2.7 a month earlier.

China has made controlling prices a top priority last year and implemented a series of measures to address the issue, including tightening monetary policy, cracking down on speculation, increasing food supplies and reducing circulation costs.

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JH at 2012-01-1367.158.189.*
So you all went discount shopping while I was tucked in bed?

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