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Friday, February 09, 2018, 14:56
China's inflation up 1.5% in January
By ​Xinhua
Friday, February 09, 2018, 14:56 By ​Xinhua

Customers select crabs at a supermarket in Hangzhou, east China's Zhejiang province on Oct 16, 2017. (PHOTO / AFP)

BEIJING - China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year on year in January, lifted by a rise in non-food and service prices.

China's producer price index (PPI), which measures costs for goods at the factory gate, rose 4.3% year on year in January

The rate was down from December's 1.8 percent, according to the National Bureau of Statistics (NBS) Friday. 
Read More: China charts course for modernized economy

On a monthly basis, the index was up 0.6 percent, higher than the 0.3-percent in the previous month. 

NBS statistician Sheng Guoqing attributed the growth mainly to rising non-food and service prices, which climbed 2 percent and 2.3 percent year on year, respectively. 
Producer price up 4.3%

On the other hand, China's producer price index (PPI), which measures costs for goods at the factory gate, rose 4.3 percent year on year in January, the NBS said Friday.

It was down from a growth of 4.9 percent recorded in December, according to the bureau. 
ALSO READ: What to expect from China's economy in 2018

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