Consumer inflation sees slight rebound in December

Consumer inflation in China rose 1.6% in December year on year, boosted by a spike in vegetable prices and a mild rebound in previously falling pork price growth, The Financial Times reported, citing figures from the National Bureau of Statistics. The December figure brought consumer inflation for the whole of 2015 to 1.4%, well below the target ceiling of 3%. The official producer price index also fell by 5.9% in December for the fifth consecutive month in year-on-year terms, bringing the gauge’s annual reading to -5.2% and reflecting continued hardship in China’s manufacturing sector as heavy industry throughout the country deals with substantial overcapacity.