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China’s consumers experienced rising costs in January, while producers prices continued to fall, following Beijing’s abrupt reversal of its zero-COVID strategy in December, according to official data on Friday.
China’s consumer price index rose 2.1% from a year earlier in January, up from December’s 1.8% year-on-year increase, the National Bureau of Statistics said Friday. The result is slower than the 2.2% rate expected by economists surveyed by The Wall Street Journal.
The producer price index fell 0.8% from a year earlier in January, widening from the 0.7% decline recorded in December and higher than the forecast 0.5% decline.
