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Consumers buy vegetables at a supermarket in Taiyuan, Shanxi Province, China on December 9, 2022. /CFP
China's consumer price index (CPI), the main gauge of inflation, rose 1.8 percent in December year on year, rising faster than the 1.6 percent annual increase recorded in November, data from the National Bureau of Statistics (NBS) showed on Thursday.
The increase was attributable to the resumption of travel and entertainment activities with the continuous optimization and adjustment of COVID-19 prevention and control policies, said senior NBS statistician Dong Lijuan.
China's producer price index (PPI), which measures the costs of goods at the factory gate, fell 0.7 percent year on year in December of 2022, narrowing from a 1.3 percent decline registered in November, according to the NBS.
The reduced year-on-year decrease in December was due to the lower comparison base in the same period last year and a decline in oil prices, said Dong.
In the year of 2022, China's CPI rose 2 percent and PPI went up 4.1 percent year on year, respectively.
China's Ministry of Commerce said last week that it would implement policies to boost consumption and that consumer demand would gradually recover with the ongoing optimization of COVID-19 control and prevention measures.
(With input from Xinhua)
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466