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China consumer inflation rises less than expected in January as producer price deflation persists
CNBC· 2026-02-11 01:40
Chinese consumers are experiencing "luxury shame" similar to what happened in the U.S. during the 2008-09 financial crisis, according to a June Bain and Company report.China's consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary pressure in the absence of stronger stimulus.The consumer price index rose 0.2% in January from a year earlier, China's National Bureau of Statistics data showed on Wednesday, below economists' fo ...