Business / Economy

China's Dec PPI drops 1.9%

(Xinhua) Updated: 2013-01-11 10:17

BEIJING - China's producer price index, which measures inflation at the wholesale level, fell 1.9 percent year-on-year in December, the National Bureau of Statistics said on Friday.

China's Dec PPI drops 1.9%

This marks the 10th straight month of decline after the PPI dropped in March for the first time since December 2009.

The decline was smaller than the 2.2-percent decrease in November, indicating that the economy has been stabilizing, analysts said.

The PPI inched down 0.1 percent in December on a month-on-month basis, according to the bureau.

The 2012 PPI dropped 1.7 percent from the previous year.

Meanwhile, the NBS said China's consumer price index (CPI), a key gauge of inflation, grew 2.5 percent in December year-on-year.


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