CPI remains stable
China's consumer price index grew by 2.5% in 2020 from the previous year, staying within the government's annual target of around 3.5%, data from the National Bureau of Statistics showed on Monday.
The annual figure was down from 2.9% in 2019 but up from 2.1% in 2018.
In December, CPI rose 0.2% year-on-year, up from a 0.5% decrease in November.
Growing consumer demand, rising costs and special weather conditions were the main factors that pushed the CPI back into positive territory, said Dong Lijuan, a senior statistician at NBS.
Food prices increased 1.2% year-on-year last month, reversing a 2% decline in November and contributing approximately 0.26 percentage points to the CPI increase, Dong said.
Prices of both fruits and vegetables climbed 6.5% year-on-year in December, while beef and mutton costs rose 4.6% from a year earlier.
Non-food prices remained flat in December, up from a 0.1% decrease in November.
The core CPI, which excludes food and energy, increased 0.4% year-on-year in December, down from a 0.5% increase in November.