China’s consumer prices keep rising after holiday spending surge
China’s consumer prices rose during the first two months of the year as a longer-than-usual Chinese New Year holiday drove a surge in spending, though analysts cautioned that Beiji...
China's consumer prices increased during the first two months of 2026 as the extended Chinese New Year holiday led to a surge in spending, according to data released by the National Bureau of Statistics. The national consumer price index rose by 0.8 percent year-on-year during January and February, the largest monthly jump in nearly three years.
Analysts cautioned that Beijing may need to implement stronger measures to boost demand and sustain the recovery, as the recovery in consumer prices was partly driven by temporary factors such as the holiday and rising Middle East tensions. Officials have set an inflation target of 2 percent for 2026, and have launched measures to spur household spending and curb industry price wars.
Core inflation, excluding food and energy prices, grew 1.3 percent year-on-year in the first two months of 2026, with food prices up 0.5 percent.
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