Pursuits
China's Consumer Prices Climb in January as Food Costs Rise
- Food prices rose 4.1% before holiday week, most since May 2014
- Producer price deflation moderates slightly from December
Breaking Down China's January CPI and PPI Data
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China’s consumer price inflation picked up in January, led by food costs ahead of the week-long Lunar New Year holiday.
The consumer-price index rose 1.8 percent in January from a year earlier, the National Bureau of Statistics said Thursday, compared with 1.6 percent a month earlier. The producer-price index fell 5.3 percent, compared to a 5.9 percent decrease in December, extending declines to a record 47 months.