China’s consumer price index (CPI) climbed 2.5 percent on year in January, according to data released by the National Bureau of Statistics (NBS) on Friday. The year-on-year inflation was similar to the level recorded for December last year. Food prices increased 3.7 percent from a year ago in January, contributing 1.23 percentage points of the inflation in the month. Meanwhile, the producer price index (PPI) declined 1.6 percent from a year ago in January. Compared to December, the PPI — which measures inflation at the wholesale level — was down 0.1 percent.
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