China's consumer prices rose in February for the first time since August, data showed. In this way, the several-month-long deflation, which was deepening the countless economic problems of the country, is interrupted.
The consumer price index rose 0.7 percent last month, according to Beijing's National Bureau of Statistics (NBS), the first increase since August and compared with a sharp 0.8 percent decline in January.
Analysts polled by Bloomberg had expected a 0.3% rise.
In July, China slipped into deflation for the first time since 2021, and except for a brief recovery in August, prices have been in steady decline since then.
Consumer prices traditionally rise during the Chinese New Year period, which this year fell in February.
Producer prices continued to fall in February, falling by 2.7%, NSB reported. /BGNES
