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Business / Finance

Inflation in China in January accelerated to the sharpest since October 2011

MQL5: Blogs Traders 10.02.2020 at 14:17

Blogs traders and analyst of financial markets

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.