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China avoids deflation in 2025 as December CPI hits 34-month high
China's consumer price inflation rose 0.8% year-on-year in December, up from 0.7%, the highest level since February 2023. The read came in line with market expectations. As in November, the acceleration in inflation remains primarily attributable to rising food prices. Food inflation picked up to a 1.1% pace YoY, a 14-month high. Fresh vegetable and fresh fruit prices saw the largest month-on-month upticks -- up 18.2% and 4.4% YoY, respectively. Pork prices continued to fall, but saw a slightly smaller drag in year-on-year terms, rising 0.4pp to -14.6% YoY. The YoY level has risen for three consecutive months. We ... (full story)
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China’s Consumer Price Index (CPI) rose at an annual rate of 0.8% in December after reporting a 0.7% increase in November, the country’s National Bureau of Statistics (NBS) reported on Friday. The market forecast was for a 0.9% growth in the reported period. Chinese CPI inflation came in at 0.2% month-over-month (MoM) in December versus the previous reading ...
Both total nonfarm payroll employment (+50,000) and the unemployment rate (4.4 percent) changed little in December, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, and social assistance. Retail trade lost jobs. This news release presents statistics from two monthly ...
From wellsfargo.bluematrix.com | Jan 8, 2026
Data collection issues stemming from the longest-ever government shutdown led to a surprisingly soft November CPI report. Most, although not all, of these distortions should be unwound in the December report. Although we expect the monthly pace of consumer price inflation to pickup in December relative to November's suppressed pace, we look for the ...
