trending Market Intelligence /marketintelligence/en/news-insights/trending/Po3kCMCIr9zCik2_m6mZGA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

China's annual consumer inflation remains steady in December 2019

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


China's annual consumer inflation remains steady in December 2019

China's consumer inflation remained steady in December 2019, against expectations of a rise, amid easing pork price growth, data from the National Bureau of Statistics showed.

Annual consumer inflation in China came in at 4.5% in December 2019, in line with the previous month's reading, which was the highest level since January 2012, according to S&P Global Market Intelligence data.

The consensus estimate of economists polled by Econoday was for the inflation rate to accelerate to 4.7% in December 2019.

The annual growth in pork prices slowed to 97.0% from 110.0% in the previous month. Food prices climbed 17.4%, while nonfood prices grew 1.3%.

On a monthly basis, consumer prices stalled in December 2019. The Econoday consensus estimate was for monthly inflation to come in at 0.3%.

Food prices declined 0.4% month over month, while nonfood prices climbed 0.1%. Prices of consumer goods and services were unchanged.

Monthly core inflation, which excludes food and energy prices, remained unchanged.

For full year 2019, consumer prices rose 2.9% from the previous year, government data showed.

Separately, the producer price index fell 0.5% year over year in December 2019, following a 1.4% decline in November. The consensus estimate of economists polled by Econoday was for the index to decline by 0.4%.

Producer prices stalled on a monthly basis.

"Moderating food price inflation took the pressure off consumer price inflation while producer price deflation eased thanks to base effects and an increase in energy prices," said Julian Evans-Pritchard, senior China economist at Capital Economics, in a note.

He added that demand-side pressures remain subdued, leaving "ample" scope for monetary policy easing by the People's Bank of China.