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China CPI Rises 1.8% On Year In January

Consumer prices in China were up 1.8 percent on year in January, the National Bureau of Statistics said on Thursday.

That was slightly beneath expectations for 1.9 percent and up from 1.6 percent in December.

Food inflation spiked 4.1 percent on year in January, the bureau said, while non-food inflation added just 1.2 percent.

Producer prices were down an annual 5.3 percent versus forecasts for a decline of 5.4 percent after tumbling 5.9 percent a month earlier.

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