China's inflation rebounds 2% year-on-year in 2016

Beijing: China`s consumer price index (CPI) rose two percent throughout 2016 over the previous year, hitting 0.6 percent increase over its 2015 record, the National Bureau of Statistics of China reported on Tuesday.

The Producer Price Index (PPI) in 2016, which measures inflation based on wholesale prices, declined by 1.4 percent compared to 2015, which moderated 5.2 percent drop year-on-year, Xinhua news agency reported.

In December 2016, CPI growth was 2.1 percent year-on-year, 0.2 percent lower than in November, while the PPI strongly increased to 5.5 percent compared to December 2015, two points from 3.3 percent in November.