China's CPI Inflation Slowed In January Amid Lunar New Year Effect

ING Economic and Financial Analysis5.14K FollowersFollow5ShareSavePlay(6min)CommentsSummaryJanuary CPI inflation slowed to 0.2% YoY as food prices fell sharply to -0.7% YoY due to the Lunar New Year impacted base effects, and should flip in February.When we get the 2026 economic targets at the Two Sessions in March, we're likely to see an inflation target of around 2% YoY, unchanged from 2025's goal.Given the soft domestic indicators over the past few months, we still think there is a solid case for further easing this year. Worawith Ounpeng/iStock via Getty Images By Lynn Song, Chief Economist, Greater China CPI inflation softer than expected to start the year CPI inflation fell to 0.2% YoY in January, down from 0.8% YoY, coming in lower than market forecasts.This article was written byING Economic and Financial Analysis5.14K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.