By Jonathan Davies

The rate of inflation in China continued to stay near a five-year low in December, after rising slightly from 1.4% to 1.5%.

Accelerated growth of food prices was the main reason for the slight increase in inflation, particularly the price of eggs, which was up 14%.

December's figure means that inflation for the whole of 2014 was 2%, far below the government's target of 3.5%.

The producer price index (PPI), which includes wholesale and factory price inflation, fell more than expected. It was down 3.3% in December, marking the 34th consecutive month of falling inflation measured by the producer price index.

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