China Consumer Prices Rise 1.0% On Month In January

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Consumer prices in China were up 1.0 percent on month in January, the National Bureau of Statistics said on Wednesday – in line with expectations following the 0.7 percent increase in December.

On a yearly basis, consumer prices fell 0.3 percent – shy of expectations for a flat reading following the 0.2 percent gain in the previous month.

The bureau also said that producer prices rose 0.3 percent on year in January – missing forecasts for an increase of 0.4 percent after sinking 0.4 percent a month earlier.

The material has been provided by InstaForex Company – www.instaforex.com

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