The consumer price index (CPI), a key indicator of inflation, rose 0.5% last month, the National Bureau of Statistics (NBS) said on Sunday, following a 0.1% increase in December. This figure is in line with the average estimates from financial data provider Wind in economists’ polls.
The index has increased by 0.7% since December, with the highest monthly increase in over three years.
Meanwhile, the producer price index (PPI), which tracks factory gate prices, fell 2.3% in January, 28 consecutive times a month. The Kaze poll predicted a 2.07% decline from the previous month.
The prices of consumer goods rose 0.1% year-on-year last month, while the prices of services rose 1.1%.
Food prices rose 0.4% year-on-year in January, while non-food prices rose 0.5%.
