February 8, 2025

China’s consumer price index (CPI) rose by 0.5 percent year-on-year in January 2025, up from a 0.1-percent increase in December, the National Bureau of Statistics (NBS) said. The bureau attributed the growth mainly to the brisk shopping seen in the recently concluded Spring Festival holiday.

The CPI, a key gauge of inflation, turned from flat to a 0.7-percent month-on-month increase. Core CPI, which excludes food and energy prices, has risen for four consecutive months to date, according to the NBS.

Services and food prices led the month-on-month rise in the CPI in January 2025. Services rose 0.9 percent, rising 0.8 percentage points from December, contributing around 0.37 percentage points to the overall CPI increase in the month.

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