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China inflation is lower than expected in December

10 Jan 2019 03:27 PM

China's PPI and CPI grew less-than-expected in December, official data showed Thursday. The December PPI, which measures price rises before reaching the consumer, rose 0.9% from a year earlier, 1.6% lower than expected, according to the latest data from the National Bureau of Statistics.

The South China Morning Post said factory prices have now slowed for six months in a row. The consumer price index, the goods and services price index, rose 1.9% YoY in December, from 2.2% in November.

The data had limited impact on Chinese equities, with both the Shanghai Composite Index and the Shenzhen Component trading higher on Thursday.

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