Business
10:35, 09-Feb-2018
China CPI up 1.5 pct, PPI up 4.3 pct in January
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China’s consumer inflation rose 1.5 percent year-on-year in January, slightly down from 1.8 percent in December, official data showed on Friday.
On a month-on-month basis, the January consumer price index (CPI) increased 0.6 percent from December, mainly supported by the increase in food prices, the National Bureau of Statistics (NBS) said on its website.
Meanwhile, the gauge of factory inflation, the producer price index (PPI), rose 4.3 percent, moderate from the rise of 4.9 percent in December, marking the slowest growth since November 2016.
The year-on-year slowdown in producer price inflation was due in part to a high base last year with price gains in raw materials falling from their peaks, according to the NBS.
For 2017, CPI rose 1.6 percent, well within the government's comfort zone of 3 percent, while PPI surged 6.3 percent, ending a falling streak over the past five years.