China's consumer price inflation increased in January with the rise in demand during the Lunar New Year holiday and the easing of Covid restrictions, while the decline in producer prices deepened due to falling commodity prices, official data revealed Friday.
Consumer price inflation rose to 2.1 percent in January from 1.8 percent in December, the National Bureau of Statistics reported Friday. This was slightly below economists' forecast of 2.2 percent.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.