China Inflation Eases as Economy Could Use a Boost

HONG KONG—Inflationary pressure in China continued to ease in January, offering room for Beijing to stimulate growth while more major economies are looking to tighten policy to curb rising prices.

The producer-price index, a gauge of wholesale prices charged by manufacturers, rose a lower-than-expected 9.1% from a year earlier, down from December’s 10.3%, National Bureau of Statistics data published on Wednesday show. Softening coal and steel prices helped lead the index lower, said Dong Lijuan, a senior statistician with the bureau.

Source link

Leave a Reply

Your email address will not be published.