Saturday 9 January 2016

China December inflation quickens to 1.6% on-year

China's consumer inflation edged up in December, while companies' factory-gate prices continued to fall, adding to concerns about growing deflation risks in the world's second-largest economy.

In line with sluggish activity, China's consumer inflation quickened to 1.6 percent year-on-year in December, as expected, rising slightly from 1.5 percent posted the prior month.

The producer price index was unchanged at -5.9 percent in December, the National Bureau of Statistics said on Saturday, slightly over forecasts, but marking the 46th straight month of PPI declines, highlighting the deeply entrenched pressures facing China's manufacturers as the economy cools.

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