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China January inflation quickens to 1.8% y-o-y, less than expected

[BEIJING] China's consumer inflation quickened to 1.8 per cent year-on-year in January, slightly less than market expectations.

Analysts polled by Reuters predicted the index would come in at 1.9 per cent, compared with 1.6 per cent posted in December.

The producer price index fell 5.3 per cent in January from a year earlier, the National Bureau of Statistics said on Thursday.

The market had expected producer prices to fall 5.4 per cent on an annual basis after a fall of 5.9 per cent the prior month.