China’s consumer price index rises by 0.8% year-on-year in December, slightly below the anticipated 0.9% increase

China's Inflation Data for December: Key Highlights

According to the National Bureau of Statistics, China's Consumer Price Index (CPI) increased by 0.8% year-over-year in December, following a 0.7% rise in November. This figure was slightly below market expectations, which anticipated a 0.9% increase for the month.

On a monthly basis, the CPI registered a 0.2% uptick in December, reversing the previous month's decline of 0.1%.

Meanwhile, the Producer Price Index (PPI) showed a 1.9% decrease compared to the same period last year, improving from November's 2.2% drop and performing better than the forecasted 2.0% decline.