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 consumer value index (CPI) in February fell into negative territory for the first 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 keeping with 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 information comes as traders proceed to look 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 progress by propping up home demand.
Beijing additionally revised down its annual consumer value inflation goal to “round 2%” — the lowest in greater than 20 years — from 3% or larger in prior years, in keeping with the Asia Society Coverage Institute.
The brand new inflation purpose would act extra as a ceiling than a goal to be realized.
Econmists say China’s progress goal of round 5% this yr could also be difficult to attain, notably 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.
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