China's CPI up 1.5% in December

(Xinhua) 10:14, January 12, 2022

A customer buys vegetables at a supermarket in Handan, North China's Hebei province. (Photo/Xinhua)

BEIJING, Jan. 12 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year on year in December, down from the 2.3-percent increase a month ago, the National Bureau of Statistics said Wednesday.

The CPI in 2021 climbed 0.9 percent, well below the country's annual target of approximately 3 percent. Consumer prices rose 2.5 percent and 2.9 percent in 2020 and 2019, respectively.

Breaking down the inflation data in December, food prices dropped 1.2 percent from a year ago, reversing the 1.6-percent rise in November. The price of pork, a staple meat in China, slumped 36.7 percent, 4 percentage points greater than a month ago, while the prices of other farm produce from vegetables to fish and eggs registered smaller increases.

Non-food prices rose 2.1 percent from a year earlier, eased from the 2.5 percent in November.

The core CPI, which excludes food and energy prices, gained 1.2 percent year on year, flat with a month ago.

Wednesday's data also showed the country's producer price index, which measures costs for goods at the factory gate, went up 10.3 percent year on year in December.

(Web editor: Zhong Wenxing, Liang Jun)


Related Stories