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China consumer prices up 2 pct in 2014

Source:   Time:

BEIJING, Jan. 9 (Xinhua) -- China's consumer prices grew 2 percent in 2014 from one year earlier, well below the government's 3.5-percent target set for the year, official data showed on Friday.

The increase was also below the 2.6-percent growth registered in 2013.

Growth in the consumer price index (CPI), the main gauge of inflation, rebounded to 1.5 percent in December from November's 1.4-percent rise, its slowest increase since November 2009.

On a monthly basis, December's CPI edged up 0.3 percent against the previous month, reversing a downward trend reported since September.

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