BEIJING, Jan 11 (Reuters) - China's factory gate prices fell by less than expected in December, official data showed on Monday, suggesting China's manufacturing sector continues to see a steady recovery from the COVID-19 shock.
The producer price index (PPI) fell 0.4% from a year earlier, the National Bureau of Statistics said in a statement. The index was expected to fall 0.8%, according to a median forecast in a Reuters poll, after a 1.5% drop in November.
The consumer price index (CPI) rose 0.2% from a year earlier in December, the statistics bureau said. The index was expected to rise 0.1%, according to the Reuters poll, after easing 0.5% in November. (Reporting by Stella Qiu and Ryan Woo; writing by Se Young Lee; Editing by Ana Nicolaci da Costa)
