Inflation rate in China increased to 1.5% in December
January 9 , 2015
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.