Economic Buzz: China consumer prices rise 0.8% in December

Consumer prices in China were up 0.8 percent on year in December, the National Bureau of Statistics said on Friday.

On a seasonally adjusted monthly basis, inflation rose 0.2 percent - again matching forecasts following the 0.1 percent contraction in November.

The bureau also said that producer prices contracted 1.9 percent on year, beating forecasts for a decline of 2.0 percent following the 2.2 percent decline a month earlier.

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