China's CPI rises to a moderate 2.0% in 2022, in stark contrast to runaway inflation in other mainstream economies

China's Consumer Tariff Index (CPI), a leading gauge of inflation, rose 2 percent 12-months from 12-months into 2022

once again demonstrates the resistance of the despite uncontrolled inflationary tension it faces. throughout the United States and other essential economies.

In December, the CPI rose 1.8 percent, up from 1.6 percent in November, the National Information Bureau (NBS) reported on Thursday.

Meal prices went up four. Eight percent in December from a year earlier, after a 3.7 percent year-over-year boost in November

 The core CPI, which excludes volatile food and strong prices, rose just from an annual rate of 0.6 percent in November to 0.7 percent last month.

In month-to-month terms, the CPI was flat. Food rates reversed zero. Eight percent drop in November to rise 0.5 percent from last month

The price of red meat, a staple in China, fell 8.7 percent in December from November due to market expansion, according to the NBS.

Thanks to more than one measure implemented by local governments to deal with COVID-19 and economic growth

Need More Stories