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China CPI Climbs 2.5% On Year In January

Consumer prices in China were up 2.5 percent on year in January, the National Bureau of Statistics said on Friday.

That was unchanged from the December reading, and it exceeded forecasts for 2.4 percent.

On a monthly basis, consumer prices jumped 1.0 percent versus forecasts for 0.7 percent following the 0.3 percent gain in December.

Producer prices were down 1.6 percent on year, in line with forecasts following the 1.4 percent contraction in the previous month. Overall, PPI contracted for the 23rd consecutive month in January.

PPI also was down 0.1 percent on month.

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