China’s consumer price index moved back into positive territory in December, raising hopes that the country’s economic recovery will further bolster demand at a time when core inflation remains weak.
The country’s consumer price index beat expectations to edge 0.2 per cent higher year-on-year in December after falling 0.5 per cent a month earlier, with the gains largely driven by food prices.
Price growth in China has been anaemic over recent months despite the country’s rapid recovery from the coronavirus, which has been powered by industrial production as new cases have remained low.
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