Consumer prices down 0.8% in China in January

ISTANBUL

Consumer prices in China posted a 0.8% drop year-on-year in January, the National Bureau of Statistics said on Thursday.

The bureau said the decline stemmed from the base affect related to high price increases due to a spring festival in the country last year.

Food prices fell 5.9% in the country over the same period, while non-food prices rose 0.4%.

On a monthly basis, prices climbed by 0.3%.