📈 China is kicking off 2025 with stable price trends, signaling a healthy economic recovery! The latest data from the National Bureau of Statistics shows that the Consumer Price Index (CPI) rose by 0.5% year-on-year and 0.7% month-on-month. Meanwhile, the Producer Price Index (PPI) saw a slight dip, decreasing 2.3% year-on-year and 0.2% month-on-month.
The CPI rebound was boosted by the Spring Festival vibes, with increased spending on food and services as people celebrated the most important traditional holiday. 🎉 This seasonal surge is typical, reflecting how the Spring Festival fuels consumer spending and drives up prices temporarily.
Despite the PPI decline, the overall stable price trend at the start of 2025 lays a solid foundation for the economy's steady operation. It also provides flexibility for the government to tweak macroeconomic policies as needed, ensuring continued growth and stability.
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China's price trend remains stable amid steady economic recovery
cgtn.com
