March 9, 2025

China's consumer price index (CPI), a main gauge of inflation, edged down 0.7 percent year-on-year in February, while the producer price index (PPI) fell 2.2 percent, data from the National Bureau of Statistics (NBS) showed on Sunday.

NBS statistician Dong Lijuan attributed the decline in prices to the staggered shift of the Spring Festival and the resulting high base effect, more favorable weather in February, price-off promotions and fluctuations in some international commodity prices.

The Spring Festival holiday occurring during Jan-Feb this year led to a higher comparison base from last year's elevated food and service prices as the 2024 holiday fell solely in February. The absence of such a surge this year resulted in a negative impact on the year-on-year CPI comparison, while when deducted for the staggered shift of the Spring Festival, the CPI actually saw a modest increase of 0.1 percent, indicating the current trend of moderate price recovery has not changed, Dong added.

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https://news.cgtn.com/news/2025-03-09/China-s-CPI-down-0-7-in-February-1BAUfiaL4PK/p.html