China's consumer price inflation accelerated at the end of the year 2022, owing to higher food prices, while factory gate prices continued to fall, albeit at a slower pace.
The consumer price index, or CPI, rose 1.8 percent year-on-year in December, as expected, after a 1.6 percent increase in November, data from the National Bureau of Statistics showed Thursday.
At the same time, core inflation, which excludes food and energy prices, edged up to 0.7 percent from 0.6 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.