The consumer price index (CPI) in December was 1.8% higher than a year earlier, rising faster than the 1.6% annual gain seen in November, data from the National Bureau of Statistics (NBS) showed on Thursday. The result matched a Reuters poll estimate of 1.8%.
The annual rate fall in the producer price index (PPI) slowed in December to 0.7% from the 1.3% seen in the previous month. Economists in a Reuters poll had expected a 0.1% decline, reflecting disruption of industry by a high number of COVID-19 cases towards the end of 2022.
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