China’s CPI up 0.2 pct in 2024
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China’s consumer price index (CPI), a main gauge of inflation, rose 0.2 percent year on year in 2024, official data showed Thursday.
In December alone, the CPI edged up 0.1 percent from a year ago, according to the National Bureau of Statistics (NBS).
The core CPI, which excludes food and energy prices, rose 0.4 percent from a year ago last month, up from 0.3 percent in November.
On a monthly basis, the CPI was flat in December, following a 0.6-percent decrease in November.
Thursday’s NBS data also showed the producer price index (PPI), which measures costs for goods at the factory gate, went down 2.3 percent year on year in December, narrowing from the 2.5-percent drop in the previous month, and inched down 0.1 percent on a month-on-month basis.
For the full year of 2024, the PPI declined 2.2 percent, smaller than the 3-percent drop in 2023.
Reference Link:- https://english.news.cn/20250109/5dee1c8d4ee14b49b5575f25bf542be2/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
