China producer prices jump 6.9% in January: govt

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This photo illustration taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. China's exports soared a forecast-beating 7.9 percent in January, official data showed on February 10, a positive sign for the world’s second largest economy and largest trading power. / AFP PHOTO / Fred DUFOUR
This photo illustration taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing.
China’s exports soared a forecast-beating 7.9 percent in January, official data showed on February 10, a positive sign for the world’s second largest economy and largest trading power. / AFP PHOTO /

BEIJING, China (AFP) — Prices for goods at the factory gate in China beat expectations in January, officials said Tuesday, rising for a fifth straight month in a positive sign of strengthening demand as the world’s second-largest economy stabilizes.

The producer price index (PPI) rose 6.9 percent year-on-year in the month, according to the National Bureau of Statistics, outstripping an economist estimate of a 6.5 percent increase in a Bloomberg News survey.

The consumer price index (CPI) also rose 2.5 percent in the month, the data showed, beating a Bloomberg analysis that forecast a 2.4 percent increase.

© Agence France-Presse