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China's CPI up 0.9% in January

2022/3/4

China's consumer price index (CPI), a main gauge of inflation, rose 0.9 percent year on year in January, down from the 1.5-percent increase a month ago, the National Bureau of Statistics said.


A breakdown of the data showed that food prices dropped 3.8 percent year on year, a decline 2.6 percentage points higher than that in December 2021.


The price of pork, a staple meat in China, slumped 41.6 percent year on year, compared with a 36.7-percent decrease a month ago.


Non-food prices rose 2 percent from a year earlier, eased from the 2.1-percent increase reported in the previous month.


The core CPI, which excludes food and energy prices, gained 1.2 percent year on year, flat with a month ago.


Source: Xinhua


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