China’s CPI and industrial inflation slow their gains in December

China’s consumer price index (CPI), the main indicator of inflation, increased by 1.5% year-on-year in December, while the producer price index (PPI), which measures wholesale inflation, did the same. own by 10.3%.

Both indicators slowed down their year-on-year advance in the last month of the year: specifically, the CPI grew 0.8 points less than in November, when it had marked its peak in 2021 with 2.3%.