Core inflation, excluding volatile prices for food and fuel, sped up to 0.6% in Jan from 0.4% in Dec
BEIJING – China 's consumer inflation accelerated to its fastest in five months in January while producer price deflation persisted, reflecting mixed consumer spending and weak factory activity.
Core inflation, excluding volatile prices for food and fuel, sped up to 0.6% in January from 0.4% the previous month. The numbers were skewed by seasonal factors, as the Lunar New Year, China's biggest annual holiday, began in January this year versus February last year. Typically, prices rise as consumers stockpile goods, particularly food for big family gatherings.
While Chinese flocked to movie theatres and spent more on shopping, catering and domestic travel, per capita spending during the holidays grew by only 1.2% from a year earlier, versus a 9.4% rise in 2024, analysts at ANZ estimated. China's provinces have announced 2025 economic growth targets with the average of target prices below 3%, showing that policymakers are anticipating changes and pressures on the price level, said Bruce Pang, adjunct associate professor at CUHK Business School.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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