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According to the State statistical office (CSO) China, inflation in China in January 2020 accelerated to the sharpest since October 2011. A sharp jump in inflation was the result of rising prices of food in the spread of the coronavirus, as well as celebrate the New year according to the Lunar calendar.
the Consumer prices index (CPI) last month increased by 5.4% in annual terms, after rising by 4.5% in December. The price increase in January compared to the previous month was 1.4% versus 0.4% in December.
Analysts expect growth of consumer prices in China by 4.9% yoy and by 0.8% in monthly terms.
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