Moderate Inflation
The consumer price index (CPI), a main gauge of inflation, rose 0.9 percent year on year in January, down from the 1.5-percent increase a month ago, the National Bureau of Statistics said on February 16.
A breakdown showed that food prices dropped 3.8 percent, a decline of 2.6 percentage points higher than that in December 2021.
The price of pork, a staple meat in China, slumped 41.6 percent, compared with a 36.7-percent decrease a month ago.
Non-food prices rose 2 percent, eased from the 2.1-percent increase reported in the previous month.
The core CPI, which excludes food and energy prices, gained 1.2 percent, flat with a month ago.
The producer price index, which measures costs for goods at the factory gate, went up 9.1 percent in January.
FDI…