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China's inflation rate has remained generally stable during the COVID-19 pandemic despite bulk commodity price hikes in the international market, demonstrating the strong resilience of the Chinese economy.
The country's consumer price index (CPI), a main gauge of inflation, rose by 1.6 percent year on year in November, down 0.5 percentage points from October, data from the National Bureau of Statistics showed.
In contrast to price hikes seen in other economies, China saw inflation remain within a reasonable range. In 2022, about 43 percent of countries have an inflation rate above 10 percent. In 2021, the global inflation rate was 3.4 percent, according to the World Bank.
China's central bank is the only of its kind in the world that is not hiking interest rates aggressively to curb inflation, according to Jean Chia, chief investment officer at Bank of Singapore.
(Data edited by Yao Nian; graphics designed by Mukesh Mohanan)
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Disinformation report hotline: 010-85061466