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The consumer price index (CPI) in China in 2018 increased by 2.1% compared with 2017, which turned out to be below the authorities' expectations of 3%, according to data from the State Statistical Office.
In December, annual inflation rose by 1.9% compared to the same period in 2017. According to the ministry, in December, urban inflation rose by 1.9% in annual terms, and by 1.9% in rural areas. During the reporting period, food prices increased by 2.5%, non-food prices - by 1.7%. Prices for consumer goods increased by 2.2%, for services - by 2.1%.
Meanwhile, the producer price index (PPI) in December increased by 0.8% compared to the same period in 2017 against 2.7% in the previous month. The indicator did not coincide with the forecasts of analysts, who expected a slowdown to 1.6%.
In December, healthcare services rose by 2.5%, education and cultural and leisure activities - by 2.3%, housing - by 2.2%, prices for transport and communications fell by 0.7%, the statistical office said.