China's Jan inflation hits 14-year-low; CPI +0.3% m/m with y/y remaining in deflation at -0.8%

seekingalpha02-08

Chinese consumer prices for January dropped the most in more than 14 years, while producer prices declined at a slower pace. China's consumer prices fell by 0.8% y/y in January 2024, steeper than the ...

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China's consumer prices fell by 0.8% y/y in January 2024, steeper than the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4064308-chinas-jan-inflation-hits-14-year-low-cpi-03-mm-with-yy-remaining-in-deflation-at-08\">Source Link</a>\n\n</div>\n","source":"seekingalpha_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Jan inflation hits 14-year-low; CPI +0.3% m/m with y/y remaining in deflation at -0.8%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Jan inflation hits 14-year-low; CPI +0.3% m/m with y/y remaining in deflation at -0.8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-08 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4064308-chinas-jan-inflation-hits-14-year-low-cpi-03-mm-with-yy-remaining-in-deflation-at-08><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese consumer prices for January dropped the most in more than 14 years, while producer prices declined at a slower pace. China's consumer prices fell by 0.8% y/y in January 2024, steeper than the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4064308-chinas-jan-inflation-hits-14-year-low-cpi-03-mm-with-yy-remaining-in-deflation-at-08\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CWEB","symbol_name":"两倍做多沪深中国互联网股票ETF-Direxion","start_time":0,"source_url":"https://seekingalpha.com/news/4064308-chinas-jan-inflation-hits-14-year-low-cpi-03-mm-with-yy-remaining-in-deflation-at-08","article_id":"2409763769","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/584745910/image_584745910.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409763769","pubTimestamp":1707374741,"sourceInfo":{"source_id":"seekingalpha_hot_news","name":"SeekingAlpha"},"weMediaInfo":null,"summary":"Chinese consumer prices for January dropped the most in more than 14 years, while producer prices declined at a slower pace. 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China's consumer prices fell by 0.8% y/y in January 2024, steeper than the 0.5% drop expected, pointing to the steepest decrease in more than 14 years, with food prices declining at a record pace (-5.9% vs -3.7% in December) as prices fell for all components.  Monthly, the CPI rose by 0.3%, indicating the second straight month of increase and hitting its highest level since last August. In 2023, consumer prices rose by 0.2%. Core consumer prices, which exclude prices of food and energy, increased by 0.4% y/y in January, the softest rise since last June, after a 0.6% gain in the prior three months. Monthly, producer prices fell 0.2% in January, following the prior 0.3% drop. In 2023, producer prices fell 3.0%, swinging from a 4.1% gain in 2022. China’s producer prices declined for a 16th month in January, with the producer price index declining 2.5% in January from a year earlier, the National Bureau of Statistics reported Thursday, slightly better than expectations for a 2.6% decline, after a 2.7% drop in December. Food prices in China dropped by 5.9% from the prior year in January 2024, much faster than a 3.7% fall in the previous month. This was the seventh straight month of decrease in the cost of food and the steepest pace on record. However, analysts argued that Chinese authorities will likely seek to stabilize the currency amid efforts to prop up a faltering economic recovery. Mainland Chinese stock markets will be closed at the end of today, reopen February 18. ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX).  Currency: (CNY:USD) More on China economy:   China's Caixin Services PMI eases to 52.7 in January  China's manufacturing PMI grows for third straight month - Caixin PMI China stocks end at five-year low as rescue bets fade amid macro concerns Liquidation of property giant Evergrande may spell more trouble for China's economy Chinese regulators have implemented curbs on short-selling to firm up the stock market","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2409763769"}