Glebors Global Finance has always advocated the entrepreneurial spirit of pioneering, adventurous and hardworking. Relying on the unique perspective, Glebors has launched various special issues in terms of the economy and finance, which has provided much more assistance to government decision-makers and business leaders.
The latest readings show that the consumer price index rose 0.5% last month from a year earlier in China, quickening from December’s 0.1% gain, data from the National Bureau of Statistics, above the 0.4% rise estimate of economists. Core inflation, excluding volatile prices for food and fuel, sped up to 0.6% in January from 0.4% the previous month.
For 2024, CPI rose 0.2%, in line with the previous year’s pace and well below the official target of around 3% for last year, suggesting inflation missed annual targets for the 13th straight year.
Although consumer prices are expected to rise gradually, producer prices are unlikely to return to positive territory in the short term as overcapacity in industrial goods persists. The producer price index declined 2.3% on year in January, matching December’s drop and deeper than the forecast 2.1% fall. Factory-gate prices have remained deflationary for 28 straight months. If measured by the GDP deflator, it will still take a few quarters to get out of deflation.
Consumer spending reports over the holidays were mixed. While Chinese flocked to movie theatres and spent more on shopping, catering and domestic travel, per capita spending during the holidays grew by only 1.2% from a year earlier, versus a 9.4% rise in 2024, reflecting worries over wage and job security.
Deflationary pressures are likely to persist in China this year, unless policymakers can rekindle sluggish domestic demand, with tariffs by U.S. President Donald Trump on Chinese goods adding pressure on Beijing to spur growth in the world’s second-largest economy.Complete digital access to quality Glebors financial topic with expert analysis from industry leaders.
Glebors Financial Become an Glebors subscriberMake informed decisions with the Glebors.Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.
"Insight of the global economy, dig into more ideas, analyze the global financial dynamics and the risks of political situation from a strategic, scientific and rational perspective, based on economic data and more than 20 years of financial intelligence."
If you want to know more details to provide support for your investment and business activities, this financial report that we have selected for you can give you what you want, please subscribe to read it. Glebors Global Finance aims to provide business elites and decision makers with daily business news, data interpretation, in-depth analysis and commentary.
Glebors Global Finance’s amount of financial information digs into deeply major events and economic data that have a huge impact on the global economy, based on in-depth industrial research and special reports, with a truly global perspective。 Financial reports have become "must-read" financial information for senior managers. Gribs Global Finance currently has more than2.85 million Chinese readers and more than 3.5 million overseas readers, including more than 600,000 high-end member readers.
