[Breaking] China January CPI Down 0.8%... Deflation Concerns Expand

Prices in China have been falling for four consecutive months, raising concerns about deflation (a decline in prices amid economic stagnation).

On the 8th, the National Bureau of Statistics of China announced that the Consumer Price Index (CPI) in January this year fell by 0.8% compared to the previous year. This is a worse figure compared to the previous month's (-0.3%) and the forecasted (-0.5%) values. China's CPI has recorded negative growth for four consecutive months since last October (-0.2%).

The Producer Price Index (PPI) released on the same day also fell by 2.5% year-on-year. Although this marks 16 consecutive months of negative growth, it slightly exceeded the forecast (-2.6%) and the previous month's figure (-2.7%).