SMM Steel Market Brief: China's CPI Rose 0.1% YoY in December 2024, 0.2% for Full Year

[SMM Steel Market Morning Brief: National Bureau of Statistics (NBS): Consumer Prices Rose 0.1% YoY in December 2024, Up 0.2% for the Whole Year]

Data from the National Bureau of Statistics (NBS) showed that in December 2024, the national consumer price index (CPI) rose 0.1% YoY. Among them, urban areas saw a 0.1% increase, while rural areas remained flat; food prices fell 0.5%, non-food prices rose 0.2%; consumer goods prices dropped 0.2%, and service prices increased 0.5%. In December, the national CPI remained flat MoM. For the whole year of 2024, the national CPI rose 0.2% compared to the previous year.