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China’s consumer inflation steady in December, factory-gate prices fell at much slower pace

China’s consumer inflation steadied while factory-gate prices fell at a slower pace in December, giving Beijing bigger room to resort to monetary easing to shore up the slowing economy.

China’s consumer price index (CPI) grew 4.5 per cent in December from a year earlier, National Bureau of Statistics (NBS) data showed on Thursday, in line with the growth pace in November, but lower than analysts’ forecast of 4.7 per cent.

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