China’s CPI up 1.8% in December

2018-01-10
Xinhua

BEIJING — 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 on Jan 10.

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.