China Inflation Rate February 2024 Forecast

China Inflation Rate February 2024 Forecast. China’s consumer inflation turned positive for the first time in six months, largely supported by the lunar new year holiday, when a spending boom pushed up prices. Global inflation is forecast to decline steadily, from 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 percent in 2025, with advanced economies returning to their inflation targets sooner than emerging market and.

Global inflation is forecast to decline steadily, from 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 percent in 2025, with advanced economies returning to their inflation targets sooner than emerging market and. China’s annual inflation rate edged up to 0.6% in august 2024 from 0.5% in july, falling short of market forecasts of 0.7%.