China’s Inflation Remains Benign

China’s consumer prices stayed subdued in January while producer prices continued declines, signaling that inflation will not concern policymakers for now.

Consumer prices rose 2.5 percent from the year-ago period, according to data from the National Bureau of Statistics, a tad higher than the 2.3 percent gain forecast from a Reuters poll.

Producer prices, meanwhile, fell for the 23rd straight month, down 1.6 percent from a year earlier, compared to expectations for a decline of 1.7 percent.  On a month-on-month basis, consumer prices rose 1 percent while producer prices fell 0.1 percent.

CNBC

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