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Inflation rate in China increased to 1.5% in December

  • China’s inflation rose to 1.5% as compared to the same month in the previous year, but continues to remain low overall, according to media reports.

    Last year’s consumer price inflation was 2% compared with 2013, which is well below the official target of 3.5%, media reports said.

    Prices of some items have seen a noticeable rise: egg prices have risen by 14%.

    Experts believe that the inflation numbers indicate a weak domestic demand in the country.

     

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    Tagged as: China, inflation, consumer price inflation, domestic demand, Chinese economy, business news