China inflation eased more than expected at the end of 2021 largely due to the fall in food prices and factory gate inflation moderated further, official data revealed on Wednesday.
Consumer price inflation slowed to 1.5 percent in December from 2.3 percent in November, the National Bureau of Statistics said. The rate was expected to slow to 1.8 percent.
Food prices fell 1.2 percent from a year earlier and non-food prices advanced 2.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.