China’s Consumer Prices Up 2.1% in January

Consumer prices in China increased by 2.1% in January from a year ago, the fastest annual increase in three months, according to official data released on Friday.

The number is lower than economists predicted in a Reuters survey, who predicted a 2.2% increase in prices.

Prices grew 0.8% month on month in January, exceeding expectations.

With China’s reopening after more than two years of Covid-zero policy, prices appear to have risen in tandem with resumption of consumer activity.