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China's factory gate inflation slows further after cooling measures

Consumer price inflation also slowed last month as food prices fell, the National Bureau of Statistics (NBS) said in a statement

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(Photo: Reuters)

Reuters Beijing
China's factory-gate prices rose more slowly than expected in December after government measures to contain high raw material prices, official data showed on Wednesday, leaving room for easing monetary policy.
 
Consumer price inflation also slowed last month as food prices fell, the National Bureau of Statistics (NBS) said in a statement.
The producer price index (PPI) climbed 10.3% from a year earlier, the data showed. Economists in a Reuters poll had expected the PPI index to gain 11.1% after a 12.9% rise in November.
 
Factory inflation has moderated in recent months from a 26-year high in October as Beijing intervened to

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