Market Signal

China Consumer Prices Rise 1.3% in February, Fastest Pace in Three Years

Sourced from 2 publications

  • •China's CPI increased 1.3% year-on-year in February, the fastest growth rate in more than three years, per NBS data.
  • •A later-than-usual Lunar New Year holiday drove a boom in household spending that significantly boosted consumer prices.
  • •Core CPI, stripping out food and energy, rose 1.8% year-on-year, according to CGTN.
  • •The producer price index decline narrowed in February, with rising energy prices helping to moderate factory-gate deflation.
  • •An energy market rally contributed to both consumer and producer price pressures during the month.

Sources

China Inflation Jumps as Oil Adds to Record Holiday Spending

Bloomberg

China's CPI jumps 1.3% in February, PPI decline narrows

Cgtn

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Curated from 2 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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