BEIJING Feb 14 China's consumer inflation rate
quickened to 2.5 percent in January from a year earlier, the
highest since May 2014 and beating market expectations.
Analysts polled by Reuters had predicted the consumer price
index (CPI) would rise 2.4 percent, the biggest gain in nearly
three years, versus a 2.1 percent gain in December.
The producer price inflation rate accelerated to 6.9
percent, the National Bureau of Statistics said on Tuesday,
compared with the previous month's rise of 5.5 percent.
The producer price index (PPI) rose the fastest since August
The market had expected producer prices to rise 6.3 percent
on an annual basis.
Inflation expectations have been rising in most major
developed economies, except Japan, since mid-2016 in line with a
global recovery in manufacturing, which has boosted prices of
crude oil and other resources such as iron ore.
That has sparked talk of tighter monetary policy, though
consumer inflation in China is believed to be still well within
the central bank's comfort zone.
(Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)