Moneycontrol

Budget 2023Budget 2023
Register Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.
Budget 2023
Budget 2023
you are here: HomeNewsWorld

China inflation rises as coronavirus disrupts supply chains

Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains.

February 10, 2020 / 04:54 PM IST

China consumer prices rose at their highest rate in more than eight years, official data showed Monday, with inflation more than expected on the back of Lunar New Year demand and a deadly virus outbreak.

Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains.

The consumer price index (CPI), a key gauge of retail inflation, came in at 5.4 percent last month on-year, up from 4.5 percent in December -- with prices of pork and fresh vegetables pushing up costs.

Food prices spiked 20.6 percent.