HEADLINE China's CPI up 1.8 pct, PPI up 4.9 pct in December

HEADLINE

China's CPI up 1.8 pct, PPI up 4.9 pct in December

Xinhua

09:54, January 10, 2018

China's consumer price index (CPI), a main gauge of inflation, rose 1.8 percent year on year in December, slightly up from 1.7 percent for November, data showed Wednesday.

A citizen selects melon at a supermarket in Shijiazhuang, capital of north China's Hebei Province. [File photo: Xinhua]

A citizen selects melon at a supermarket in Shijiazhuang, capital of north China's Hebei Province. [File photo: Xinhua]

The pickup was driven by fast increase in non-food prices, which rose 2.4 percent year on year, the National Bureau of Statistics said on its website.

Prices for medical products and services rose 6.6 percent year on year, housing-related prices rose 2.8 percent, while educational, cultural and entertainment prices rose 2.1 percent, the bureau said.
Food prices dropped 0.4 percent year on year, contributing to a 0.08-percentage-point drop in the overall CPI increase.

On a month-on-month basis, the December CPI increased 0.3 percent from November, as food prices rose 1.1 percent from November.

In 2017, CPI rose 1.6 percent year on year, faster than 1.5 percent for the first 11 months of last year but slower than 2 percent for 2016. 

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