Inflationary Pressures in China Continue to Ease
Consumer inflation in China eased to a half-year low in January mainly due to seasonal distortions, while the increase in industrial prices slowed for the third straight month.
The consumer price index (CPI), a gauge of prices of a basket of consumer goods and services, rose 1.5% (link in Chinese) last month from a year ago, the smallest increase since July and down from December’s growth of 1.8%, figures released Friday by the National Bureau of Statistics (NBS) show.
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