BEIJING, March 9, 2026 (BSS/AFP) - China's consumer prices rose last month at the quickest pace in three years, official data showed Monday, as authorities aimed to boost spending during the week-long Lunar New Year holiday. The consumer price index, a key measure of inflation, rose 1.3 percent year-on-year in February, according to the National Bureau of Statistics. It was the biggest year-on-year jump since January 2023 when consumer prices rose 2.1 percent compared to the same period a year prior. Local authorities across China had vowed to encourage domestic spending ahead of the Lunar New Year holiday, which fell in February and typically sees travel and shopping expenditure spike. It is the lowest growth target since 1991, according to AFP research, except for in 2020 when no target was set as the economy reeled from the Covid-19 pandemic.

Source: Bangladesh Sangbad Sangstha March 09, 2026 03:29 UTC