China’s consumer price index (CPI), a key gauge of inflation, edged up 0.1 percent year on year in December 2024, according to the National Bureau of Statistics (NBS) on Thursday.
The slight increase in CPI reflects steady consumer demand amid the nation’s ongoing economic recovery. Analysts note that the modest rise indicates controlled inflationary pressure, which is beneficial for sustainable growth.
Meanwhile, the decline in the producer price index (PPI), which measures costs for goods at the factory gate, has narrowed compared to previous months. The narrowing PPI decline suggests easing deflationary pressures in the industrial sector, pointing to improving market conditions for manufacturers.
Economists predict that China’s proactive fiscal policies and prudent monetary measures will continue to support economic stability into the new year, fostering an environment conducive to both consumer and industrial growth.
Reference(s):
cgtn.com
