[21 Jan 2020] Consumer Price Indices for December 2019
(WorldNews China)

The Census and Statistics Department (C&SD) released today (January 21) the Consumer Price Index (CPI) figures for December 2019. According to the Composite CPI, overall consumer prices rose by 2.9% in December 2019 over the same month a year earlier, slightly smaller than the corresponding increase (3.0%) in November 2019. The smaller increase in December was mainly due to the smaller increases in local transport fares as well as the costs for meals bought away from home. Netting out the effects of all Government`s one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in December 2019 was also 2.9%, remaining virtually unchanged...