Shanghai, Feb 9, 2025 (AFP) - China inflation picks up after Lunar New Year spending boost

NAMPA / AFP

2025-02-09

Inflation picked up in China last month, official figures showed Sunday, as the Lunar New Year holiday boosted January spending. China has struggled to raise consumption and stave off deflation for months as sluggish spending, a property slump and ballooning local government debt all weigh on growth. The consumer price index (CPI), a key measure of inflation, rose 0.5 percent last month, up from a 0.1 percent rise in November, according to the Na......

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