Aerial view of self-propelled jack-up wind energy set up platform “Huaxia Honghu 01” after being delivered at CIMC Raffles’ Yantai building base on March 6, 2025 in Yantai, Shandong Province of China.
Vcg | Visible China Group | Getty Pictures
China’s nationwide shopper value index (CPI) in February fell into damaging territory for the primary time since January final yr, weighed down by a decline in meals, tobacco and alcohol costs.
The CPI declined by 0.7% final month from a yr earlier, knowledge printed Sunday by China’s Nationwide Bureau of Statistics confirmed, reversing a year-on-year achieve of 0.5% in January.
The studying missed estimates of an annualized contraction of 0.5%, in response to a Reuters ballot of economists.
China’s CPI in February fell 0.2% on a month-to-month foundation, in the meantime, in comparison with an increase of 0.7% in January.
The info comes as traders proceed to search for indicators that Beijing’s stimulus measures may help to spice up the nation’s financial restoration.
China on Wednesday set its GDP goal for 2025 at “round 5%” and laid out plans to stabilize financial development by propping up home demand.
Beijing additionally revised down its annual shopper value inflation goal to “round 2%” — the bottom in additional than 20 years — from 3% or greater in prior years, in response to the Asia Society Coverage Institute.
The brand new inflation aim would act extra as a ceiling than a goal to be realized.
Econmists say China’s development goal of round 5% this yr could also be difficult to attain, significantly amid persistently weak home consumption and an escalating commerce dispute with U.S. President Donald Trump’s administration.
— CNBC’s Evelyn Cheng & Anniek Bao contributed to this report.
