China’s consumer prices fell for the fourth straight month in January, but there’s a silver lining 🌤️. The latest data shows the Consumer Price Index (CPI) dropped 0.8% year-on-year, while factory-gate prices (PPI) declined at a slower pace of 2.5% 🏭. Here’s what you need to know:
📊 CPI Snapshot: Despite the annual dip, prices rose 0.3% month-on-month, driven by holiday demand ahead of Lunar New Year 🧨. Authorities say last year’s high base effect played a role in the yearly decline.
💡 PPI Trends: The producer price slump eased slightly from December’s 2.7% fall, with global commodity price swings cited as a key factor 🌍. On-month, the decline narrowed to 0.2%.
Analyst Bruce Pang of JLL Greater China remains optimistic: “CPI will rebound moderately this year, and PPI could turn positive,” he told CGTN 💬. While short-term pressures linger, experts see long-term recovery ahead 🚀.
