BEIJING, Jan. 11 (Xinhua) -- China's producer price index (PPI), which measures inflation at wholesale level, fell 1.9 percent year on year in December, the National Bureau of Statistics (NBS) said on Friday.
This marks the 10th straight month of decline after the PPI dropped in March for the first time since December 2009.
The decline was smaller than the 2.2-percent decrease in November, indicating that the economy has been stabilizing, analysts said.
The PPI inched down 0.1 percent in December on a month-on-month basis, according to the bureau.
The 2012 PPI dropped 1.7 percent from the previous year.
Meanwhile, the NBS said China's consumer price index (CPI), a key gauge of inflation, grew 2.5 percent in December year on year.
News Analysis: Food price rises build inflationary pressure in China
BEIJING, Jan. 9 (Xinhua) -- Increasing food prices are driving China's inflation higher, a trend seen to limit authorities' space to soften their monetary stance in the coming year.
The consumer price index (CPI), a main gauge of inflation, will continue to speed up in December and during the year after its growth was at its slowest in 33 months in October 2012, analysts said. Full story
Prudent Chinese monetary authorities mean business in 2013
BEIJING, Jan. 9 (Xinhua) -- With the Chinese economy showing signs of steady pick-up, analysts have said the momentum could make authorities stick to a conservative monetary policy in 2013, otherwise inflation could erode the previous gains.
The Chinese government has vowed to kept its monetary policy "prudent" in 2013, maintaining such a tone for three years in a row. Compared with previous practice, more rigorous implementation of the policies will be seen over the next 12 months, analysts predicted. Full story
China's December inflation rises to 2.5 pct
BEIJING, Jan. 9 (Xinhua) -- Farm produce prices in China climbed for the tenth straight week during the seven days ending Jan. 6, as cold weather has cut supplies, figures from the Ministry of Commerce showed Wednesday.
The wholesale price of 18 types of vegetables monitored across 36 major cities gained 7.1 percent from the previous week, the ministry said. Full story
Foreign trade growth slows in 2012
BEIJING, Jan. 10 (Xinhua) -- China's annual foreign trade growth missed the government's 10-percent target set for 2012 by rising only 6.2 percent from 2011, customs data showed Thursday.
The country's export and import volume totaled 3.87 trillion U.S. dollars last year and the growth slowed sharply from the 22.5-percent rise registered in 2011, according to Zheng Yuesheng, spokesman for the General Administration of Customs. Full story