China’s consumer inflation remained moderate last month, data released on Thursday showed, while producer prices remained in deflation. The consumer price index (CPI) rose by 1.8 per cent in December from a year earlier, up from 1.6 per cent growth in November, according to the National Bureau of Statistics (NBS). This was below expectations, with CPI having been expected to rise by 1.9 per cent last month, according to Chinese financial data provider Wind. For the whole of 2022, consumer inflation in China stood at 2 per cent, below the official target of “around 3 per cent”. {chart} The producer price index (PPI), ... (full story)