BEIJING, March 9 — Chinese consumer prices rose in February for the first time since August, data showed today, bucking a months-long stretch of deflation that compounded the...
Malaysian Bar president disappointed over ‘disrespect’ of Federal Court in Kelantan’s re-enactment plans, condemns death threats against Nik ElinChina 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.
The figure was higher than a 0.3 per cent rise analysts surveyed by Bloomberg had expected and a sharp increase on the 0.8 fall seen in January, their sharpest drop in more than 14 years.The positive data comes as senior officials meet in Beijing for the annual “Two Sessions” of China’s parliament and its top political consultative body, in gatherings that have been dominated by the economy and national security.
“During the Spring Festival period, consumer demand for food products grew, in addition to rainy and snowy weather in some regions affecting supply,” Dong said.China’s sinking prices are in stark contrast with the rest of the world, where inflation remains a persistent bugbear, forcing central banks to ramp up interest rates.
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