BEIJING: China's consumer prices extended their decline for a third month in December while factory-gate prices also fell, highlighting persistent deflationary pressures in an economy struggling to mount a solid recovery.
The consumer price index (CPI) shed 0.3% in December from a year earlier, and was up 0.1% month-on-month, data from the National Bureau of Statistics (NBS) showed on Friday. November's index dropped 0.5% in annual and monthly terms.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
