China`s consumer inflation cooled to 1.
5 percent in January, in line with economists` forecasts, official data showed on Friday.
The consumer price index (CPI) had been expected to moderate from a 1.
8 percent gain in December.
The producer price index (PPI) rose 4.
3 percent from a year earlier, also cooling from the previous month`s rise of 4.
9 percent, the National Bureau of Statistics (NBS) said on its website.
Analysts polled by Reuters had predicted producer inflation would ease to 4.
4 percent in January.
Sources have told Reuters that China`s government will maintain a 3 percent consumer inflation target for 2018, suggesting policymakers are not foreseeing any sharp price rises.
5 percent in January, in line with economists` forecasts, official data showed on Friday.
The consumer price index (CPI) had been expected to moderate from a 1.
8 percent gain in December.
The producer price index (PPI) rose 4.
3 percent from a year earlier, also cooling from the previous month`s rise of 4.
9 percent, the National Bureau of Statistics (NBS) said on its website.
Analysts polled by Reuters had predicted producer inflation would ease to 4.
4 percent in January.
Sources have told Reuters that China`s government will maintain a 3 percent consumer inflation target for 2018, suggesting policymakers are not foreseeing any sharp price rises.
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