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China Inflation Rate Below Expectations
China’s annual inflation eased sharply to 0.2% in January 2026 from 0.8% a month earlier, marking the lowest print since October and missing market expectations of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December), dragged by drops in pork, eggs, and cooking oils. Non-food inflation slowed (0.4% vs 0.8%), despite ongoing consumer trade-in programs. Healthcare inflation slowed slightly (1.7% vs 1.8%), education cost was flat after a 0.9% rise previously, while housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%) saw further declines. Clothing prices, however, accelerated (1.9% vs 1.7%). NBS statistician Dong Lijuan said the moderation in January inflation was mainly due to a high base and sharper energy price drops. Meanwhile, core inflation, excluding food and energy, rose 0.8% year-on-year, the weakest in six months after 1.2% in December and November. Monthly, CPI increased 0.2%, matching the December level but undershooting the 0.3% consensus.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation rate eased to 0.2% in January 2026 from 0.8% in the previous month, marking the lowest reading since October and falling short of market estimates of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December) while non-food inflation slowed sharply (0.4% vs 0.8%). Monthly, the CPI rose 0.2%, the same pace as in December but below the consensus of 0.3%.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation rate eased to 0.2% in January 2026 from 0.8% in the previous month, marking the lowest reading since October and falling short of market estimates of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December), driven by a further decline in pork prices. Meanwhile, non-food inflation slowed sharply (0.4% vs 0.8%). Monthly, the CPI rose 0.2%, the same pace as in December but below the consensus of 0.3%.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation rate eased to 0.2% in January 2026 from 0.8% in the previous month, marking the lowest reading since October and falling short of market estimates of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December), driven by a further decline in pork prices. Meanwhile, non-food inflation slowed sharply (0.4% vs 0.8%), even as consumer trade-in programs continued. Monthly, the CPI rose 0.2%, the same pace as in December but below the consensus of 0.3%.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation rate eased to 0.2% in January 2026 from 0.8% in the previous month, marking the lowest reading since October and falling short of market estimates of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December), driven by a further decline in pork prices. Meanwhile, non-food inflation slowed sharply (0.4% vs 0.8%), even as consumer trade-in programs continued. Price growth slowed a bit for healthcare (1.7% vs 1.8%), while education cost was flat after increasing 0.9% previously. In addition, prices declined further for housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%). By contrast, clothing prices accelerated slightly (1.9% vs 1.7%). Monthly, the CPI rose 0.2%, the same pace as in December but below the consensus of 0.3%.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation rate eased to 0.2% in January 2026 from 0.8% in the previous month, marking the lowest reading since October and falling short of market estimates of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December), driven by a further decline in pork prices. Meanwhile, non-food inflation slowed sharply (0.4% vs 0.8%), even as consumer trade-in programs continued. Price growth slowed a bit for healthcare (1.7% vs 1.8%), while education cost was flat after increasing 0.9% previously. In addition, prices declined further for housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%). By contrast, clothing prices accelerated slightly (1.9% vs 1.7%). Core inflation, which excludes food and energy, rose 0.8% yoy in January, the lowest reading in six months, after a 1.2% rise in the prior two months. Monthly, the CPI rose 0.2%, the same pace as in December but below the consensus of 0.3%.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation eased to 0.2% in January 2026 from 0.8% a month earlier, marking the lowest print since October and falling short of market expectations of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1%), led by declines in pork, eggs, and cooking oils. Non-food inflation also slowed (0.4% vs 0.8%), despite ongoing consumer trade-in programs. Healthcare inflation moderated slightly (1.7% vs 1.8%), education costs were flat after a 0.9% rise previously, while housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%) saw deeper declines. Clothing prices, however, accelerated (1.9% vs 1.7%). NBS statistician Dong Lijuan said the moderation in January inflation was mainly due to a high base and sharper energy price drops. Meanwhile, core inflation, excluding food and energy, rose 0.8% year-on-year, the weakest in six months after 1.2% in December and November. Monthly, CPI increased 0.2%, matching the December level but undershooting the 0.3% consensus.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation eased to 0.2% in January 2026 from 0.8% a month earlier, marking the lowest print since October and falling short of market expectations of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1%), dragged by falls in pork, eggs, and cooking oils. Non-food inflation slowed (0.4% vs 0.8% in December), despite ongoing consumer trade-in programs. Healthcare inflation slowed slightly (1.7% vs 1.8%), education cost was flat after a 0.9% rise previously, while housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%) saw deeper declines. Clothing prices, however, accelerated (1.9% vs 1.7%). NBS statistician Dong Lijuan said the moderation in January inflation was mainly due to a high base and sharper energy price drops. Meanwhile, core inflation, excluding food and energy, rose 0.8% year-on-year, the weakest in six months after 1.2% in December and November. Monthly, CPI increased 0.2%, matching the December level but undershooting the 0.3% consensus.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation eased sharply to 0.2% in January 2026 from 0.8% a month earlier, marking the lowest print since October and missing market expectations of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1%), dragged by falls in pork, eggs, and cooking oils. Non-food inflation slowed (0.4% vs 0.8% in December), despite ongoing consumer trade-in programs. Healthcare inflation slowed slightly (1.7% vs 1.8%), education cost was flat after a 0.9% rise previously, while housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%) saw deeper declines. Clothing prices, however, accelerated (1.9% vs 1.7%). NBS statistician Dong Lijuan said the moderation in January inflation was mainly due to a high base and sharper energy price drops. Meanwhile, core inflation, excluding food and energy, rose 0.8% year-on-year, the weakest in six months after 1.2% in December and November. Monthly, CPI increased 0.2%, matching the December level but undershooting the 0.3% consensus.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation eased sharply to 0.2% in January 2026 from 0.8% a month earlier, marking the lowest print since October and missing market expectations of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December), dragged by falls in pork, eggs, and cooking oils. Non-food inflation slowed (0.4% vs 0.8%), despite ongoing consumer trade-in programs. Healthcare inflation slowed slightly (1.7% vs 1.8%), education cost was flat after a 0.9% rise previously, while housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%) saw deeper declines. Clothing prices, however, accelerated (1.9% vs 1.7%). NBS statistician Dong Lijuan said the moderation in January inflation was mainly due to a high base and sharper energy price drops. Meanwhile, core inflation, excluding food and energy, rose 0.8% year-on-year, the weakest in six months after 1.2% in December and November. Monthly, CPI increased 0.2%, matching the December level but undershooting the 0.3% consensus.
Published on 2026-02-11

China Inflation Rate Below Expectations
China’s annual inflation eased sharply to 0.2% in January 2026 from 0.8% a month earlier, marking the lowest print since October and missing market expectations of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December), dragged by drops in pork, eggs, and cooking oils. Non-food inflation slowed (0.4% vs 0.8%), despite ongoing consumer trade-in programs. Healthcare inflation slowed slightly (1.7% vs 1.8%), education cost was flat after a 0.9% rise previously, while housing (-0.1% vs -0.2%) and transport (-3.4% vs -2.6%) saw deeper declines. Clothing prices, however, accelerated (1.9% vs 1.7%). NBS statistician Dong Lijuan said the moderation in January inflation was mainly due to a high base and sharper energy price drops. Meanwhile, core inflation, excluding food and energy, rose 0.8% year-on-year, the weakest in six months after 1.2% in December and November. Monthly, CPI increased 0.2%, matching the December level but undershooting the 0.3% consensus.
Published on 2026-02-11

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts for 0.9%. The latest result also pointed to the third straight month of consumer inflation, with food prices rising the most in 14 months (1.1% vs 0.2% in November), driven by sharper price increases in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), helped by ongoing consumer trade-in programs. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). Core inflation, which excludes food and energy, held at 1.2% yoy, staying at its highest in 20 months. Monthly, the CPI rose 0.2%, after a 0.1% drop in November. For the whole year, inflation was flat, missing the official target of around 2%.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts of 0.9%. On a monthly basis, consumer prices increased 0.2%, reversing a 0.1% decline in November.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts of 0.9%. Food prices rose the most in 14 months (1.1% vs 0.2% in November), boosted by price gains in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), supported by ongoing consumer trade-in programs that helped cushion price pressures. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). On a monthly basis, consumer prices increased 0.2%, reversing a 0.1% decline in November.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts for 0.9%. The latest result also pointed to the third straight month of consumer inflation, with food prices rising the most in 14 months (1.1% vs 0.2% in November), driven by price gains in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), supported by ongoing consumer trade-in programs that helped cushion price pressures. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). On a monthly basis, consumer prices increased 0.2%, reversing a 0.1% decline in November.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts for 0.9%. The latest result also pointed to the third straight month of consumer inflation, with food prices rising the most in 14 months (1.1% vs 0.2% in November), driven by sharper price increases in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), supported by ongoing consumer trade-in programs that helped cushion price pressures. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). On a monthly basis, consumer prices increased 0.2%, reversing a 0.1% decline in November.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts for 0.9%. The latest result also pointed to the third straight month of consumer inflation, with food prices rising the most in 14 months (1.1% vs 0.2% in November), driven by sharper price increases in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), supported by ongoing consumer trade-in programs. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). On a monthly basis, consumer prices increased 0.2%, reversing a 0.1% decline in November.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts for 0.9%. The latest result also pointed to the third straight month of consumer inflation, with food prices rising the most in 14 months (1.1% vs 0.2% in November), driven by sharper price increases in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), supported by ongoing consumer trade-in programs. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). On a monthly basis, consumer prices increased 0.2%, reversing a 0.1% decline in November. For the full 2025, inflation stayed flat, reflecting subdued domestic demand.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts for 0.9%. The latest result also pointed to the third straight month of consumer inflation, with food prices rising the most in 14 months (1.1% vs 0.2% in November), driven by sharper price increases in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), helped by ongoing consumer trade-in programs. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). Core inflation, which excludes food and energy, held at 1.2% yoy, staying at its highest in 20 months. Monthly, the CPI rose 0.2%, reversing a 0.1% drop in November. For the whole year, inflation was flat, underscoring weak domestic demand.
Published on 2026-01-09

China Inflation Nears 3-Year High
China’s annual inflation rate edged higher to 0.8% in December 2025 from 0.7% in the prior month, marking the highest level since February 2023 but falling short of market forecasts for 0.9%. The latest result also pointed to the third straight month of consumer inflation, with food prices rising the most in 14 months (1.1% vs 0.2% in November), driven by sharper price increases in fresh vegetables and fresh fruit. Meanwhile, non-food inflation remained steady (at 0.8%), helped by ongoing consumer trade-in programs. Prices continued to rise for clothing (1.7% vs 1.9%), healthcare (1.8% vs 1.6%), and education (0.9% vs 0.8%). In contrast, housing prices fell 0.2% after being flat previously, while transport costs dropped further (-2.6% vs -2.3%). Core inflation, which excludes food and energy, held at 1.2% yoy, staying at its highest in 20 months. Monthly, the CPI rose 0.2%, after a 0.1% drop in November. For the whole year, inflation was flat, below the official target of around 2%.
Published on 2026-01-09