(Finance) – Chinese inflation and producer prices are decreasing in December 2023, showing that the country’s economic recovery remained weak at the end of the year.
According to the National Bureau of Statistics, theinflation recorded a trend decrease by 0.3%, after -0.5% in the previous month and compared to the -0.4% expected by analysts.
Going into detail, the prices of foodstuffs they fell 3.7% and non-food prices increased 0.5%. Among foods, the price of livestock and meat fell by 15.9%, with an impact on the consumer price index of approximately 0.56 percentage points, of which the price of pork it fell by 26.1%, impacting the index by approximately 0.43 percentage points.
Compared to previous monthOn the other hand, consumer prices show an increase of 0.1%, compared to +0.2% of the consensus, after the previous -0.5%.
They still brake producer priceswhich in December showed a year-on-year decrease of 2.7%, greater than expected (-2.6%), compared to -3% in the previous month.
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