China's consumer prices barely rose in 2024 while factory-gate prices extended into a second straight year of declines, official data showed on Thursday, weighed by persistently weak domestic demand.

China’s consumer inflation weakened further toward zero, decelerating for a fourth straight month in a setback for government efforts to stamp out deflation and revive demand by injecting stimulus into the economy.

China's consumer inflation slowed in December, while producer price deflation persisted, as Beijing ramped up policy support to bolster a faltering economy.

China’s consumer inflation weakened further, nearing zero, with a 0.1% Y/Y rise marked in December, compared to 0.2% in the previous month, aligning with market estimates and marking the lowest print since March.

China's consumer inflation slowed in December, leading to modest annual price gains for 2024 while factory-gate deflation extended into a second year, amid sputtering economic demand. A combination of job insecurity,

Despite a series of aggressive fiscal stimulus measures, China’s consumer prices rose by just 0.2 per cent last year, with analysts noting that the world’s second-largest economy continues to face significant challenges in overcoming deflation and revitalising domestic demand.