BEIJING: Inflation in China eased in December thanks to falling food and commodity costs, with analysts saying Wednesday's figures give policymakers room to unveil measures to kickstart the stuttering economy including interest rate cuts.
But on Wednesday, figures showed producer prices rose a less than expected 10.3 per cent on-year last month, extending a slowdown seen in November.The consumer price index , a key gauge of retail inflation, came in at 1.5 per cent, down from 2.3 per cent in November and also short of forecasts. Sheana Yue of Capital Economics said the current trends suggest inflation concerns are not likely to hold back the central bank from"further loosening measures including policy rate cuts".
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