{"id":278522,"date":"2026-02-11T10:19:07","date_gmt":"2026-02-11T10:19:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/278522\/"},"modified":"2026-02-11T10:19:07","modified_gmt":"2026-02-11T10:19:07","slug":"chinas-consumer-price-growth-cools-as-inflation-outlook-remains-unclear","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/278522\/","title":{"rendered":"China\u2019s consumer price growth cools as inflation outlook remains unclear"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s consumer prices rose for the fourth consecutive month in January \u2013 although at a slower pace \u2013 while the decline in factory-gate prices continued to narrow, in a tentative sign that deflationary pressures in the Chinese economy may be starting to let up.<\/p>\n<p>But analysts said a clearer picture of the outlook for inflation would only emerge in the coming months due to distortions caused by the Lunar New Year holiday, which typically <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/economic-indicators\/article\/3297624\/chinas-lunar-new-year-spending-spree-offers-hope-consumption-boost?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">brings a surge in demand<\/a> that drives up prices.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The national consumer price index (CPI), a crucial gauge of inflation, rose 0.2 per cent year on year last month, according to data released by the National Bureau of Statistics on Wednesday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The reading missed market expectations for a 0.44 per cent increase, according to a poll of economists by financial data provider Wind. It also represented a slowdown from December, when the CPI rose by 0.8 per cent year on year \u2013 the fastest growth recorded in nearly three years.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Dong Lijuan, a senior statistician at the bureau, attributed the muted CPI growth last month to the different timing of the Lunar New Year holiday \u2013 which fell in January last year, but takes place in February this year \u2013 and a retreat in global oil prices that dragged down energy prices.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">But Dong stressed that core inflation \u2013 a metric that excludes volatile food and energy prices \u2013 remained on a \u201cmoderate upward trend\u201d as consumer demand recovers. The core CPI rose 0.8 per cent year on year last month.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s consumer prices rose for the fourth consecutive month in January \u2013 although at a slower pace \u2013&hellip;\n","protected":false},"author":2,"featured_media":278523,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[4177,138,607,14564,29507,18414,25833,219,61483,156411,39822,19081,1943,137945,23767,111,139,69,37618,14095],"class_list":{"0":"post-278522","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-consumer-price-index","12":"tag-consumer-prices","13":"tag-core-inflation","14":"tag-economic-growth","15":"tag-economy","16":"tag-factory-gate-prices","17":"tag-food-delivery-platforms","18":"tag-food-prices","19":"tag-greater-china","20":"tag-inflation","21":"tag-lynn-song","22":"tag-national-bureau-of-statistics","23":"tag-new-zealand","24":"tag-newzealand","25":"tag-nz","26":"tag-producer-price-index","27":"tag-south-china-morning-post"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/278522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=278522"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/278522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/278523"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=278522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=278522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=278522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}