BEIJING--China's consumer price index rose 0.2% in December, rebounding from a decline in the prior month.
The CPI result beat the 0% growth predicted by economists polled by The Wall Street Journal, and compares with the 0.5% decline in November, which was the lowest in more than a decade.
China's food prices rose 1.2% in December, recovering from a 2.0% drop in November. Prices of fruits, beef and mutton widened gains in December, while the decline in prices of pork and eggs narrowed, according to data from the National Bureau of Statistics on Monday.
Nonfood prices remained unchanged from a year earlier in December, rebounding from November's 0.1% decline.
In 2020, China's CPI rose 2.5%, well below the government's target of around 3.5%.
Meanwhile, China's producer price index fell 0.4% in December, better than the 0.8% fall expected by the surveyed economists, official data showed. The country's PPI fell 1.5% in November.
China's recovering domestic demand and continued gains in global commodity prices drove up factory-gate prices, said Dong Lijuan, an economist with the statistics bureau.
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(END) Dow Jones Newswires
01-10-21 2121ET
