China's consumer price inflation returned to negative territory at the start of the year due to seasonal factors, while producer prices climbed for the first time in a year on higher raw material cost, data from the National Bureau of Statistics showed on Wednesday.
Consumer prices fell 0.3 percent on a yearly basis in January, reversing a 0.2 percent rise in December. Economists had forecast prices to drop 0.1 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.