The latest Chinese data regarding inflation has been released.
In December, the Consumer Price Index in China rose by 1.8% year-over-year. Predictions suggested a growth of 1.8%, which was higher than the previous 1.6% The month-over-month figure was 0.0% The way in which technology is constantly advancing has revolutionized our everyday lives. Nowadays, we are able to experience a level of convenience and efficiency that was previously unimaginable. From communication to entertainment, the use of technology has greatly improved the quality of life for many people.
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Year-over-year, the Purchasing Power Index decreased by 0.7%. An expectation of a decline of 0.1% was forecast, previously measuring at -1.3%. From the month-on-month reading, there was a decrease of 0.5%.
The Consumer Price Index (CPI) is quite mild, which is not an obstruction to the People’s Bank of China’s further easing policies. With the Chinese government officials advocating for more measures to aid the economy, more action from the PBOC seems to be probable.
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