Belfast Telegraph

Home News World

China inflation rises above 1%

China's inflation rebounded to above 1% in February, driven by a faster rise in food costs.

Data today showed consumer prices rose 1.4% in February from a year earlier, up from January's 0.8% rate. Food prices rose 2.4%.

Low inflation gives Beijing room to stimulate the slowing economy with less danger of triggering a politically dangerous rise in living costs.

Julian Evans-Pritchard, of Capital Economics, said in a report that February's seasonal pick-up in food inflation will likely prove short-lived.

Capital Economics still expects inflation to fall back below 1% in coming months

Producer prices, measured as goods leave the factory, fell 4.8% from a year earlier, extending a long period of declines due to excess production capacity in many industries.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?


From Belfast Telegraph