China's factory prices rise more slowly than expected in Dec

12/1/2022 5:21:00 AM

China's factory prices rise more slowly than expected in Dec

China's factory prices rise more slowly than expected in Dec

BEIJING : China's factory-gate inflation rose more slowly than expected in December as the government took steps to contain lofty raw material prices, official data showed on Wednesday.The producer price index (PPI) climbed 10.3per cent from a year earlier, the National Bureau of Statistics (NBS) said in

BEIJING : China's factory-gate inflation rose more slowly than expected in December as the government took steps to contain lofty raw material prices, official data showed on Wednesday.The producer price index (PPI) climbed 10.3per cent from a year earlier, the National Bureau of Statistics (NBS) said in a statement. Economists in a Reuters poll had expected the PPI index to gain 11.1per cent after a 12.9per cent rise in November.

Factory inflation has moderated from record highs in recent weeks as Beijing intervened to stabilise high raw material prices and ease an energy power crunch.The softer inflation also leaves the door open for more monetary easing as the world's second-largest economy slows and faces a series of headwinds in 2022, including property woes, a slowing manufacturing sector and COVID-19 outbreaks.

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LinkedIn BEIJING : China's factory-gate inflation rose more slowly than expected in December as the government took steps to contain lofty raw material prices, official data showed on Wednesday.LinkedIn NEW YORK : Net capital flows to emerging markets rose last month from November and fell more than 75per cent year-on-year, with China the main recipient as investors fear other economies will continue to underperform due to COVID-19, a survey showed on Tuesday.11 January 2022, 4:59 pm · 1-min read Crowds cross the street in Orchard Road on 12 December, 2021 in Singapore.LinkedIn BENGALURU : Higher telecommunications charges, along with a comparatively low base one year ago, likely drove Indian retail inflation to a six-month high in December, a Reuters poll found, keeping alive expectations for an interest rate rise by mid-year.

The producer price index (PPI) climbed 10.3per cent from a year earlier, the National Bureau of Statistics (NBS) said in a statement.8 billion last month, compared with US$13. Economists in a Reuters poll had expected the PPI index to gain 11. The rate – the ratio of community cases for the past week over the week before – was at 1.1per cent after a 12.2 billion in December 2020, data from the Institute of International Finance showed.9per cent rise in November.0per cent.

Factory inflation has moderated from record highs in recent weeks as Beijing intervened to stabilise high raw material prices and ease an energy power crunch.1 billion last month, just enough to edge the US$9. No COVID-19 related deaths were recorded on Tuesday. The softer inflation also leaves the door open for more monetary easing as the world's second-largest economy slows and faces a series of headwinds in 2022, including property woes, a slowing manufacturing sector and COVID-19 outbreaks. China's consumer price index (CPI) grew 1. In stocks, China took in 77per cent of the net flows last month, with US$12.5per cent year-on-year in December. They include 438 Omicron cases, of whom 159 are local. Economists in a Reuters poll had expected a 1.3 billion total.0per cent.

8per cent uptick, after a 2.3per cent increase in November. "We believe that the outlook is worsened by the Omicron (COVID) variant and expectations of a stronger dollar and higher U. The current overall ICU utilisation rate is 51. The CPI rose 0.9per cent year-on-year in 2021, down from a 2. interest rates.5per cent gain in 2020. As of Monday, the total number of individuals who have completed their full regimen or received two doses of COVID-19 vaccines is 91 per cent of the eligible population.0per cent for a ninth consecutive policy meeting last month, sticking to its focus on economic growth as India still faces challenges from the coronavirus pandemic.

Measures to contain COVID-19 outbreaks are also likely to weigh on the economic outlook as the world battles the Omicron coronavirus variant.S. Chinese cities are already advising people to stay put for the Lunar New Year, a peak travel period, due to fresh coronavirus outbreaks in several places, such as the central Henan province and northern Tianjin city. (Reporting by Liangping Gao and Gabriel Crossley; Editing by Shri Navaratnam and Ana Nicolaci da Costa) Source: Reuters . Graphic: Foreign portfolio flows into emerging markets- https://graphics.