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Inflationary Pressures in China Continue to Ease

People buy vegetables at a market in Huaian, Jiangsu province on Jan. 9. Within the consumer price index, food prices, which account for about a third of the index and have the biggest influence on the indicator, fell 0.5% year on year after a 0.4% decline in December, while tourism costs decreased 4.2%, the authorities said. Photo: VCG
People buy vegetables at a market in Huaian, Jiangsu province on Jan. 9. Within the consumer price index, food prices, which account for about a third of the index and have the biggest influence on the indicator, fell 0.5% year on year after a 0.4% decline in December, while tourism costs decreased 4.2%, the authorities said. Photo: VCG

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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