China consumer inflation rises less than expected in January as producer price deflation persists | Metals Mine

  • China consumer inflation rises less than expected in January as producer price deflation persists

    From cnbc.com

    China’s consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary pressure in the absence of stronger stimulus. The consumer price index rose 0.2% in January from a year earlier, China’s National Bureau of Statistics data showed on Wednesday, below economists’ forecast of 0.4% increase in a Reuters poll. That followed a 0.8% growth in December, its highest level in nearly three years. Prices rose 0.2% month-on-month, below economists’ forecast of a 0.3% increase. China’s producer price index declined 1.4% from a year ago, ... (full story)

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