China’s consumer price index fell in February for the first time in over a year
China’s consumer price index fell for the first time in more than a year in February, with food prices falling by the most in 13 months. Producer prices also fell for the 29th consecutive month, the Beijing Bureau of Statistics said.
China’s consumer prices fell 0.7 percent year-on-year in February 2025, beating market estimates for a 0.5 percent decline and reversing a 0.5 percent increase in the previous month.
This was the first consumer deflation since January 2024, amid a seasonally adjusted decline in demand following the Spring Festival in late January. Food prices fell by the most in 13 months, by 3.3 percent, compared with a 0.4 percent increase in January. Non-food prices fell by 0.1 percent after a 0.5 percent increase in January.
Core inflation, which excludes volatile food and fuel prices, fell 0.1 percent in February, compared with a 0.6 percent increase in January.
On a monthly basis, the consumer price index fell 0.2 percent, compared with expectations of 0.1 percent, the first decline since November last year after an 11-month high of 0.7 percent in January.
China’s producer prices fell 2.2 percent in February 2025, compared with a market forecast of 2.1 percent and after 2.3 percent declines in the previous two months. This was the slowest decline since August 2024, as Beijing continued its efforts to stimulate demand, despite producer deflation persisting for the 29th consecutive month due to price fluctuations in some raw materials and the impact of the Lunar New Year holiday at the end of January.
Related news
Choking hazard pacifiers and toxic raincoats: EU investigates flood of Temu and Shein products
Pacifiers that can cause choking, sunglasses without UV filters, cosmetics…
Read more >Several French cognac brands have been granted duty-free status in China, but not everyone is happy
China imposed an anti-dumping duty of up to 34.9 percent…
Read more >China imposes anti-dumping measures on wine spirits imported from the EU
China’s Ministry of Commerce announced anti-dumping measures on wine spirits…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >