BEIJING—China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity.
Economists expect inflation to continue to pick up in the first quarter of 2023.
China Consumer Inflation Accelerates in December; PPI Falls With Soft Demand
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People walk along Nanjing Pedestrian Road, a main shopping area, in Shanghai on May 5, 2021. Aly Song/Reuters
By Reuters
Updated:
