China's Lunar New Year boosts consumer prices
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English - March 10, 2024 20:38 - 1000 KBBusiness News News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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11 Mar 2024 - China can attribute the better-than-forecast seasonal rise in consumer price inflation in February to the Lunar New Year break. However, the holiday break, known for significant spending on food and travel, had no impact on the almost endemic deflation in producer prices, which continued to decline for yet another month in February.