China's Inflation Edges Up as Holiday Demand Lifts Food Prices

MT Newswires Live
02-10

China's consumer price index (CPI) rose 0.5% in January from a year earlier, led by higher food and services costs, though broader inflation pressures remained weak, official data showed on Saturday.

Food prices rose 0.4%, with pork prices jumping 13.8%, while services costs increased 1.1%, the National Bureau of Statistics said. Urban prices climbed 0.6%, while rural prices gained 0.3%.

On a monthly basis, CPI rose 0.7%, accelerating from December's 0.1% increase. Food prices gained 1.3%, with fresh vegetable prices rising 5.9% and fresh fruit up 3.3%. Non-food prices climbed 0.6%, and services rose 0.9%.

ING Research said the Lunar New Year effect likely contributed to the food price increase, while non-food inflation remained subdued due to intense price competition.

Among broader categories, prices for education and entertainment rose 1.7% year-on-year, while clothing gained 1.1%. Household goods and transport costs fell 1.1% and 0.6%, respectively.

China's CPI has remained subdued in recent months as weak consumer demand weighs on price growth. The latest data suggests some upward pressure, but inflation remains far below the government's target of around 3%.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10