China December inflation quickens to 1.6% year-on-year, meeting forecasts

[SHANGHAI] China's consumer inflation quickened to 1.6 per cent year-on-year in December, meeting market expectations.

Analysts polled by Reuters predicted the index would come in at 1.6 per cent, compared with 1.5 per cent posted the prior month.

The producer price index was unchanged at -5.9 per cent in December, the National Bureau of Statistics said on Saturday.

The market had expected producer prices to fall 5.8 per cent on an annual basis after a fall of 5.9 per cent the prior month.

REUTERS