ECONOMY

China Consumer Inflation Misses Forecast, Factory-Gate Deflation Eases

Published: Feb. 11, 2026 12:51 p.m. GMT+8

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China’s consumer inflation slowed in January, missing expectations, while factory-gate deflation narrowed to its mildest pace since July 2024, underscoring uneven price trends in the economy.

The consumer price index (CPI) rose 0.2% from a year earlier, down 0.6 percentage points from December, National Bureau of Statistics (NBS) data showed Wednesday. The reading was below the average forecast of a 0.5% increase in a Caixin survey of 12 institutions.

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China’s CPI rose 0.2% in January, below expectations, while core CPI increased 0.8%.
Producer price index fell 1.4% year-on-year, a smaller drop than December’s 1.9%.
Food prices declined 0.7%, energy prices fell 5%, and service inflation slowed to 0.1%.

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