Economic Indicators

China’s consumer prices fall 0.8% y/y, factory deflation persists

2024.02.07 21:11


© Reuters. FILE PHOTO: Elderly folks chat subsequent to a meals stall at an outside market in Beijing, China January 12, 2024. REUTERS/Florence Lo/File Photo

BEIJING (Reuters) – China’s consumer prices prolonged their decline for a fourth month in January whereas producer prices additionally dropped, underscoring deflationary dangers going through the world’s second-biggest financial system because it struggles to mount a strong restoration.

The consumer worth index (CPI) fell 0.8% in January from a yr earlier, after a 0.3% drop in December, information from the National Bureau of Statistics (NBS) confirmed on Thursday.

The CPI rose 0.3% month-on-month from a 0.1% uptick the earlier month.

Economists polled by Reuters had forecast a 0.5% fall year-on-year and a 0.4% acquire month-on-month.

The producer worth index (PPI) slid 2.5% from a yr earlier in January after a 2.7% fall the earlier month, in contrast with a 2.6% slide forecast within the Reuters ballot.

The financial system grew 5.2% in 2023, assembly the official goal of round 5%, however the restoration has been shakier than buyers had anticipated.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 51,729.86 0.44%
ethereum
Ethereum (ETH) $ 3,100.06 3.93%
tether
Tether (USDT) $ 1.00 0.04%
bnb
BNB (BNB) $ 389.06 1.91%
solana
Solana (SOL) $ 103.40 0.71%
staked-ether
Lido Staked Ether (STETH) $ 3,097.93 3.88%
xrp
XRP (XRP) $ 0.544115 0.02%
usd-coin
USDC (USDC) $ 0.999996 0.02%
cardano
Cardano (ADA) $ 0.587514 0.49%
avalanche-2
Avalanche (AVAX) $ 37.05 1.22%
dogecoin
Dogecoin (DOGE) $ 0.086199 0.61%
tron
TRON (TRX) $ 0.137637 0.11%
chainlink
Chainlink (LINK) $ 18.68 1.28%
polkadot
Polkadot (DOT) $ 7.80 0.32%
matic-network
Polygon (MATIC) $ 0.9829 1.14%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 52,026.94 1.09%
uniswap
Uniswap (UNI) $ 10.66 4.87%
the-open-network
Toncoin (TON) $ 2.12 0.07%
internet-computer
Internet Computer (ICP) $ 12.47 0.75%
shiba-inu
Shiba Inu (SHIB) $ 0.00001 0.61%
bitcoin-cash
Bitcoin Cash (BCH) $ 268.77 0.71%
litecoin
Litecoin (LTC) $ 70.04 0.34%
dai
Dai (DAI) $ 1.00 0.21%
immutable-x
Immutable (IMX) $ 3.21 3.70%
filecoin
Filecoin (FIL) $ 8.13 3.85%
cosmos
Cosmos Hub (ATOM) $ 10.36 0.47%
leo-token
LEO Token (LEO) $ 4.23 0.74%
kaspa
Kaspa (KAS) $ 0.170798 0.68%
ethereum-classic
Ethereum Classic (ETC) $ 27.12 4.04%
near
NEAR Protocol (NEAR) $ 3.70 3.23%
blockstack
Stacks (STX) $ 2.59 0.84%
hedera-hashgraph
Hedera (HBAR) $ 0.108645 0.13%
optimism
Optimism (OP) $ 3.81 3.15%
bittensor
Bittensor (TAO) $ 558.32 3.39%
aptos
Aptos (APT) $ 9.60 1.61%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.22%
stellar
Stellar (XLM) $ 0.116108 0.27%
vechain
VeChain (VET) $ 0.044915 0.56%
injective-protocol
Injective (INJ) $ 35.76 3.45%
lido-dao
Lido DAO (LDO) $ 3.39 3.50%
okb
OKB (OKB) $ 50.49 1.64%
celestia
Celestia (TIA) $ 16.97 0.21%
mantle
Mantle (MNT) $ 0.865875 11.02%
the-graph
The Graph (GRT) $ 0.290535 7.36%
render-token
Render (RNDR) $ 7.20 1.07%
crypto-com-chain
Cronos (CRO) $ 0.094253 0.03%
arbitrum
Arbitrum (ARB) $ 1.88 2.23%
monero
Monero (XMR) $ 124.75 1.02%
sei-network
Sei (SEI) $ 0.821604 2.73%
sui
Sui (SUI) $ 1.64 0.42%