Connect with us

Hi, what are you looking for?

[stock_market_widget type="ticker-quotes" template="chart" color="#5679FF" assets="MSFT,AAPL,NFLX,GOOG,TSLA,NFLX,AMZN" animation="true" display_currency_symbol="true" api="yf" speed="50" direction="left" pause="true"]

Top Stories

China’s inflation rate accelerated in January as producer prices kept falling

China’s consumers experienced rising costs in January, while producers prices continued to fall following Beijing’s abrupt reversal of its zero-COVID strategy in December, official data showed on Friday. The consumer price index rose 2.1% from a year earlier in January, up from December’s 1.8% increase, the National Bureau of Statistics said Friday. That compares with

china’s-inflation-rate-accelerated-in-january-as-producer-prices-kept-falling

China’s consumers experienced rising costs in January, while producers prices continued to fall following Beijing’s abrupt reversal of its zero-COVID strategy in December, official data showed on Friday.

The consumer price index rose 2.1% from a year earlier in January, up from December’s 1.8% increase, the National Bureau of Statistics said Friday. That compares with the 2.2% increase expected by economists surveyed by The Wall Street Journal.

Food prices rose 6.2% in the first month of 2023 versus December’s 4.8% increase, though growth in pork prices–a key driver–eased to 11.8% from 22.2%, the data showed. Non-food prices increased 1.2% in January, slightly above December’s 1.1% expansion.

Core CPI, which excludes food and energy prices, rose 1% from a year earlier in January, compared to December’s 0.7% increase.

On a monthly basis, CPI rose 0.8% in January.

Data from the statistics bureau also showed that the producer price index fell 0.8% from a year earlier in January, wider than the 0.7% decline recorded in December and the 0.5% contraction expected by economists in the WSJ poll.

On a monthly basis, PPI dropped 0.4% in January.

Advertisement. Scroll to continue reading.

You May Also Like

Stocks

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are BlackBerry Ltd., Oracle Corp., and...

Mining

NAL spodumene concentrate production remains targeted for H1 2023 with revenue potential in Q3 2023. Credit: Piedmont Piedmont Lithium (Nasdaq: PLL; ASX: PLL) announced...

Tech

This holiday season, consider giving the gift of security with an ad blocker. That’s the takeaway message from an unlikely source — the FBI...

Top Stories

There have been major developments out of Japan this week. The Bank of Japan surprised the market by widening its yield curve target by...

Advertisement