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China’s consumer inflation at 6-year low in 2015

China still has room to ease its monetary policy as inflation for the whole of 2015 fell to its lowest level for six years, despite accelerating in December due to higher food costs, according to economists.

Liu Ligang, chief China economist at Australia & New Zealand Banking Group, said further monetary policy easing is needed to tackle deflationary risks.

In December, the consumer price index, the main gauge of inflation, rose 1.6 percent year on year, accelerating from increases of 1.5 percent in November and 1.3 percent in October, the National Bureau of Statistics said on Saturday.

(Source: Shanghai Daily)