Focus on Arts and Ecology

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China's consumer, producer price growth slows

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February 18, 2022 

China's consumer price index (CPI), a main gauge of inflation, rose by 0.9 percent year on year in January, down from the 1.5-percent increase a month ago, the National Bureau of Statistics (NBS) said Wednesday.

The figure was below institutions' expectations. Bloomberg and Nomura's economists had forecast a 1-percent increase and a 1.1-percent increase, respectively. 

The January CPI is generally stable as related departments worked to secure supply during the Spring Festival, said senior NBS statistician Dong Lijuan.

Food prices fell by 3.8 percent last month compared with a year ago, contributing to a 0.72-percentage-point decline in the CPI. 

(Sources: China Report)

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