China's consumer inflation accelerated to its fastest in five months in January while producer price deflation persisted, as holiday consumer spending was mixed. Deflationary pressures are likely to persist in China this year,

BEIJING: China’s consumer inflation accelerated for the first time since August, in what’s likely a blip caused by a burst of household spending around the Lunar New Year holiday even as deflationary pressures persist.

China’s consumer inflation accelerated for the first time since August, caused by a burst of household spending around the Lunar New Year holiday even as deflationary pressures persist.