China consumer inflation rises less than expected in January as producer price deflation persists [MSNBC.com]
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Source: MSNBC.com
Chinese consumers are experiencing "luxury shame" similar to what happened in the U.S. during the 2008-09 financial crisis, according to a June Bain and Company report.Jade Gao | Afp | Getty ImagesChina's consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary pressure in the absence of stronger stimulus.The consumer price index rose 0.2% in January from a year earlier, China's National Bureau of Statistics data showed on Wednesday, below economists' forecast of 0.4% increase in a Reuters poll. That followed a0.8% growth in DecemberPrices rose 0.2% month-on-month, below economists' forecast of a 0.3% increase.Core CPI, which strips out volatile food and energy prices, jumped 0.8% from a year earlier, easing from the 1.2% in December.China's producer price index declined 1.4% from a year ago, better than economists' expectations of a 1.5% drop, official data showed, moderating from a1.9% drop in Decembe
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