Caixin
Feb 16, 2022 02:44 PM
ECONOMY

China’s Inflation Slows, Giving Central Bank Room to Ease

Shoppers browse vegetables at a produce market in Shanghai on Nov. 3. Photo: Bloomberg
Shoppers browse vegetables at a produce market in Shanghai on Nov. 3. Photo: Bloomberg

(Bloomberg) — China’s inflation eased in January, providing Beijing with more leeway to shore up the economy ahead of a key political leadership meeting later this year. 

The producer price index (PPI) rose 9.1% from a year earlier, official data showed Wednesday, weaker than economists’ forecasts for a 9.5% increase and down from 10.3% in December. Consumer prices grew 0.9% last month from a year earlier, according to statements from the National Bureau of Statistics, slower than a projected 1% increase.

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