One of the biggest economies in the world، China witnesses an increase in its inflation rate by 1.4%.
According various financial analytic China’s inflation has rose after the country’s inflation has been at an all time low for 5 consecutive years. Experts coincide this increase in inflation rate is beneficial and totally in favour of the current economical status of China. Inflation rate increased by 1.4% by the end of February، which is a higher value than the expert expected increase for the year.
While the inflation rate has increased by the aforementioned percentage in February، China’s inflation saw a slight increase in the month January، as it rose only to 0.8%. This amount has been considered the lowest since 2009’s deflation.
Furthermore، reports also confirm the increase in inflation rate is in direct correlation with the business performance، as total sales increased in the nation due to Chinese New Year celebrations.
However، this recent increase is still not commendable according to financial experts، as they believe China’s inflation rate should increase more compared to the current level.