March 9, 2024

China's consumer price index (CPI), the main gauge of inflation, rose by 0.7 percent in February year-on-year, confirming a clear signal trend toward rising domestic demand across China's economy which delivered imports growth in the first two months of 2024.

China's CPI rose by 0.7 percent in February year-on-year and rose 1 percent month-on-month, according to data from the National Bureau of Statistics (NBS) on Saturday. The upward trend of prices month-on-month in China since December 2023 has shown further signs of strengthening.

China's producer price index (PPI), which measures costs for goods at the factory gate, fell by 2.7 percent year-on-year in February, data from NBS showed Saturday.

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