China consumer prices rise in February - RTHK
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China consumer prices rise in February

2024-03-09 HKT 14:16
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  • Consumer prices traditionally see a boost during the Lunar New Year period. Photo: AFP
    Consumer prices traditionally see a boost during the Lunar New Year period. Photo: AFP
Mainland consumer prices rose in February for the first time since August, data showed on Saturday, bucking a months-long stretch of deflation.

The consumer price index rose 0.7 percent last month, according to Beijing's National Bureau of Statistics (NBS), marking the first increase since August and up from a sharp 0.8 percent drop in January.

Analysts surveyed by Bloomberg had expected a 0.3 percent rise.

China slipped into deflation in July for the first time since 2021 and, apart from a brief rebound in August, prices have been in constant decline since.

Consumer prices traditionally see a boost during the Lunar New Year period, which fell in February this year.

Producer prices continued to fall in February, dropping by 2.7 percent, the NBS said on Saturday. (AFP)

China consumer prices rise in February