China's factory prices dipped slightly in December 2025, with mild deflation in manufacturing and modest consumer inflation.

China's factory-gate prices showed slight stabilization in December 2025, with the producer price index (PPI) falling 1.9% year-on-year, a 0.3 percentage point improvement from November, and rising 0.2% monthly. The annual PPI decline for 2025 was 2.6%. Consumer prices rose 0.8% year-on-year in December, marking a modest increase, while the full-year 2025 CPI change remained flat. The data indicates mild deflationary pressure in manufacturing and modest inflation in consumer prices.