Chinese inflation for December is out and it’s adieu price pressures as growth fades:
In December 2018 , the national consumer price rose by 1.9% year-on-year . Among them, the city rose 1.9% , the rural rose 1.9% ; the food price rose 2.5% , the non-food price rose 1.7% ; the consumer price rose 1.7% , and the service price rose 2.1% .
In December , the national consumer price ratio was unchanged from the previous month. Among them, both urban and rural areas were the same as last month; food prices rose by 1.1% , non-food prices fell by 0.2% ; consumer goods and services prices were unchanged from last month.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
