January CPI Rises 4.9%

(Beijing) -- China's consumer price index rose 4.9 percent in January from a year ago, according to latest statistics posted February 15 on the website of the National Bureau of Statistics.

(Source: BBVA Research)

CPI rose 1 percent in January from the previous month, according to official data.

Food prices rose 2.8 percent while housing-related items rose 6.8 percent. Among the food items, grain prices jumped 15.1 percent and fresh eggs by 20.2 percent.

The January CPI figure was based on a newly-revised CPI basket which lowered the weighting of food prices by 2.21 percentage point and increased the emphasis of the housing sector by 4.22 percent.

The producer price index in January rose by 6.6 percent from a year ago and by 0.9 percent from December 2010.