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China inflation rises as Lunar New Year spending boosts consumer prices
China’s consumer inflation climbed in February, marking the strongest annual increase in more than three years as extended Lunar New Year celebrations lifted spending across travel, dining, and leisure services. Data released Monday by the National Bureau of Statistics showed consumer prices rising faster than economists expected, signalling a temporary boost to demand during the holiday period. Factory-gate deflation also moderated as rising commodity prices helped stabilise industrial costs. The figures come as policymakers attempt to revive domestic consumption while managing slower growth and geopolitical risks ... (full story)
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China’s consumer inflation recorded the biggest jump in more than three years, as an extended holiday bolstered spending while deflation in factory-gate prices moderated. The consumer price index rose 1.3% in February from a year earlier, China’s National Bureau of Statistics data showed Monday, beating economists’ forecast for a 0.8% increase in a Reuters ...
China's consumer price index (CPI) inflation rose to 1.3% year-on-year in February, up from 0.2% in January, higher than consensus forecasts. As expected, the Lunar New Year contributed to a spike in food inflation, which rose to 1.7% YoY, up from -0.7% in January. The usual holiday food categories saw notable month-on-month increases. We saw a 4.0% MoM ...
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