Affected by factors such as the decline in consumer demand and sufficient market supply after the Lunar New Year, the consumer prices of Chinese residents declined year -on -year.
The data released by the official website of the National Bureau of Statistics on Thursday (March 9) showed that the Consumer Price Index (CPI) of Chinese residents rose 1.0%year -on -year and increased by 2.1%in January.The estimated medium number obtained by Reuters earlier after the investigation was 1.9%.From a month -on -month perspective, CPI rose 0.8%in January to a decrease of 0.5%.
Dong Lijuan, chief statistician of the National Bureau of Statistics, said that in interpreting the data, the CPI increased year -on -year, mainly the Spring Festival, and the comparison base was higher in the same period last year.
On the other hand, the industrial producer's factory price index (PPI) decreased by 1.4%year -on -year, a decrease of 0.6 percentage points from the previous month.Dong Lijuan explained that this was affected by the high comparison base of the same period last year.
However, from the previous month, the PPI decreased by 0.4%in January to the flat.Dong Lijuan explained that the production of Chinese industrial enterprises has accelerated in February, and market demand has improved.
