Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

July 31, 2025

Pi Network price prediction for August 2025 – Can it reverse 75% losses? 

July 31, 2025

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Thursday, July 31
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Economic News»China’s consumer prices fall for first time in over a year
Economic News

China’s consumer prices fall for first time in over a year

March 9, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Stay up to date with complimentary updates

Get the latest on the Chinese economy with myFT Digest – delivered straight to your inbox.

In February, China experienced its first decline in consumer prices in 13 months, with data skewed by seasonal factors indicating ongoing deflationary pressures on the world’s second-largest economy.

The National Bureau of Statistics reported a 0.7% drop in the consumer price index from a year ago, surpassing economists’ expectations of a 0.4% decrease in a Bloomberg survey.

The unusual timing of the lunar new year holiday was cited as the primary cause for the decrease. Prices typically rise during this holiday, which occurs on varying dates each year, due to increased consumer spending on travel and food.

This year, the holiday began on January 29, compared to February 10 the previous year. Adjusting for the lunar new year shift, the NBS estimated a 0.1% increase in consumer prices, indicating a slight price recovery.

A drop in food costs contributed to the decline in prices in February, with an increase in fresh vegetable supplies following the holiday resulting in a 12.6% decrease in prices.

Excluding volatile food and energy costs, China’s core CPI experienced its first decline since 2021, dropping by 0.1%. The data also highlights pricing pressure in the competitive electric vehicle market, where prices fell by 6% year-on-year.

Recommended

China’s foreign minister Wang Yi speaks at a press conference in Beijing on Friday

Economists will closely monitor the upcoming data release to assess the impact of Beijing’s efforts to stimulate the economy, such as the Rmb300bn ($40bn) subsidy program for appliance purchases, on consumer and corporate spending.

During the government’s annual review of economic objectives and policies, Beijing announced a GDP growth target of “around 5%” for 2025. It also revealed Rmb4.4tn in special local government bonds for infrastructure and other investments, along with Rmb1.3tn in special central government bonds, slightly below expectations.

In response to significant deflationary pressures, Beijing set its lowest inflation target in over two decades for 2025, aiming for consumer price growth of approximately 2%, down from last year’s 3% target.

Chinas Consumer Fall prices Time year
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Iran Plans To Abandon GPS & Replace With China’s BeiDou System

July 30, 2025

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 2025

The 10 largest American IPOs of all time

July 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Trump administration ‘effectively disbands’ the PAVE task force

July 10, 20250 Views

US to probe Chinese telecom groups it suspects of posing security risk

March 21, 20250 Views

Israeli Missiles Intercepted Over Syrian Port City Which Hosts Russian Navy

September 25, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

July 31, 20250
Crypto

Pi Network price prediction for August 2025 – Can it reverse 75% losses? 

July 31, 20250
Personal Finance

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.