February CPI year-on-year increase expanded to 1.3%, PPI decline narrowed to 0.9%

WealthCoffee · 2026-03-17T03:24:09+00:00

February CPI rose by 1.3% year-on-year, reaching a new high in 2023, with core CPI growth accelerating to 1.8%. PPI decreased by 0.9% year-on-year, with the decline narrowing, indicating continued improvement in domestic demand, affected by the lunar New Year shift and rising prices of some commodities.

WealthCoffee

2026-03-17 03:24:09

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[Caixin] Mainly affected by the shifted Lunar New Year, China’s February Consumer Price Index (CPI) year-on-year and month-on-month growth rates both increased; rising international commodity prices, increased demand in some domestic industries, and the continued effectiveness of the “anti-involution” policies contributed to a narrowing decline in the Producer Price Index (PPI) year-on-year, with month-on-month increases for five consecutive months.

According to data released by the National Bureau of Statistics on March 9, the CPI in February rose by 1.3% year-on-year, higher than the 1.1% increase in January, reaching the highest level since February 2023; the core CPI, which excludes food and energy prices, accelerated by 1.0 percentage points to 1.8% year-on-year, the highest since February 2019, indicating continued improvement in domestic demand; the PPI decreased by 0.9% year-on-year, with the decline narrowing by 0.5 percentage points.

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