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.
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