China's CPI up 0.2% YoY in 2024, producer price index drops 2.2%: NBS

Published: Jan 10, 2025

INSIGHTS

China's consumer price index (CPI) rose by 0.2 per cent YoY last year.
In December alone, the CPI edged up by 0.1 per cent YoY.
On a month-on-month (MoM) basis, the CPI was flat in December, following a 0.6-per cent drop in November.
The producer price index fell by 2.2 per cent in 2024—smaller than the 3-per cent drop in 2023; it fell by 2.3 per cent YoY and 0.1 per cent MoM in December.

China's consumer price index (CPI) rose by 0.2 per cent year on year (YoY) last year, according to data from the National Bureau of Statistics (NBS).

In December alone, the CPI edged up by 0.1 per cent YoY.

The core CPI, which excludes food and energy prices, rose by 0.4 per cent YoY last month—up from 0.3 per cent in November.

On a month-on-month (MoM) basis, the CPI was flat in December, following a 0.6-per cent decrease in November, a state-controlled news agency reported.

The country’s producer price index (PPI), which measures costs for goods at the factory gate, went down by 2.3 per cent YoY in December, narrowing from the 2.5-per cent drop in the preceding month, and inched down by 0.1 per cent MoM.

For the full year of 2024, PPI declined by 2.2 per cent—smaller than the 3-per cent drop in 2023.

Fibre2Fashion News Desk (DS)