BEIJING, China — Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country's myriad economic woes. Consumer prices traditionally see a boost during the Chinese New Year period, also known as Spring Festival, which fell in February this year. "It was primarily food and service prices that rose more," NBS statistician Dong Lijuan said in a statement. "During the Spring Festival period, consumer demand for food products grew, in addition to rainy and snowy weather in some regions affecting supply," Dong said. "Affected by the Spring Festival holiday and other factors, industrial production was in its traditional off season," Dong said.

Source: Philippine Star March 09, 2024 15:32 UTC