ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
China CPI accelerates to 1.3% in February as nine‑day holidays boost spending
China’s consumer inflation accelerated far more than expected in February as record holiday spending boosted domestic demand, official data showed. The consumer price index (CPI) rose 1.3% year-on-year, above forecasts of 0.9% and January’s 0.2%.
The main driver was the Lunar New Year, which Beijing officially extended to nine days. A sharp increase in spending on domestic tourism, eating out, and discretionary goods temporarily revived the domestic market. Rising energy prices, driven by escalation in the military conflict involving the United States, Israel, and Iran, added to upward pressure on the CPI. Analysts expect high oil prices to continue supporting inflation in the coming months.
The durability of the gain is uncertain. Stripping out the holiday effect, China still faces chronically weak domestic demand. The manufacturing sector remains under strain: the producer price index (PPI) fell 0.9% in February. Although the decline was slightly smaller than the anticipated 1.1% drop, the PPI has now contracted for the 42nd consecutive month amid excess capacity and subdued domestic consumption.
Exports are the lone bright spot for the industry. Despite trade pressure from Washington, strong demand in Europe and Asia has helped to cushion the fall in producer prices. Nonetheless, experts warn that once the festive spending subsides, Beijing will again confront the risk of a deflationary spiral.
প্রকাশিত 10 March 2026
© InstaFintech Group
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© InstaFintech Group
