China's consumer prices increased the most in more than three years in February, driven by higher spending during the Lunar New Year holiday, while producer prices continued to fall, official data revealed Monday.
Consumer prices gained 1.3 percent year-on-year in February, faster than the 0.2 percent rise in the previous month, the National Bureau of Statistics said. This was the strongest increase since January 2023. Prices were expected to climb 0.9 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.