Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country's myriad economic woes. The world's second-largest economy posted some of its lowest growth in decades last year and is battling a prolonged property sector crisis
By Jing Xuan Teng Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country’s myriad economic woes. The world’s second-largest economy posted some of its lowest growth in decades last year and is battling a prolonged property sector crisis and […]
China’s consumer inflation turned positive for the first time in six months, largely supported by the Lunar New Year holiday, when a spending boom pushed up prices. The Consumer Price Index (CPI) increased by 0.7% in February from a year earlier, government data showed on Saturday, versus a rise of 0.3% forecast in a Reuters poll. This was the first time the index has shown prices rising, rather than flatlining or falling, since August 2023. In January, the index fell by the fastest rate in 15...
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