China's CPI Edged Up 0.2% In 2024, Official Data Shows
National Statistics Bureau: The CPI in December 2024 increased slightly year-on-year, while the decline in PPI year-on-year has narrowed.
Dong Lijuan stated that in December 2024, the Consumer market is generally running smoothly, with the national CPI remaining unchanged from the previous month and increasing by 0.1% year-on-year.
National Bureau of Statistics: In December 2024, the CPI rose by 0.1% year-on-year, while the PPI fell by 2.3% year-on-year.
① In December 2024, the Consumer price index increased by 0.1% year-on-year; ② In December 2024, the year-on-year decline in the producer price index of industrial producers narrowed.
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Cailian Press C50 Wind Index Survey: New Crediting in December 2024 may increase year-on-year less, while new social financing may increase year-on-year more.
① The median forecast for new RMB loans in December is 0.86 trillion yuan, a year-on-year decrease of 0.31 trillion yuan; ② The median forecast for the new social financing scale in December is 2.37 trillion yuan, a year-on-year increase of 0.43 trillion yuan; ③ The CPI in December is expected to decline slightly year-on-year, while the year-on-year decline in PPI is expected to narrow due to the low base effect.
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