As the end of the year approaches, people across China see higher prices at grocery stores, gas pumps, and even at home as Beijing tries to tame the inflation on essential goods.
According to a December report by China’s Bureau of National Statistics, the country’s producer price indexes (PPI) in October and November were up by 13.5 percent and 12.9 percent respectively compared to the same period last year. Meanwhile, its consumer price indexes (CPI) in October and November were up 1.5 percent and 2.3 percent compared to the same period last year.
