China's consumer prices rose for a third consecutive month in January, signaling easing deflationary pressure.
The CPI, a main gauge of inflation, grew 1.8 percent year on year in January, up from a rise of 1.6 percent in December.
The rise is mainly thanks to rising food prices, which account for one-third of the CPI calculation, edging up 4.1 percent year on year.
Pork prices jumped significantly at 18.8 percent, contributing significantly to CPI growth.
Meanwhile, China's producer prices continued to drop in January but the contraction eased notably, also signaling less deflationary pressure.
The PPI, which measures wholesale inflation, dropped 5.3 percent year on year in January, marked the 47th straight month of decline.
For more on the latest economic data, I spoke earlier with Liu Baocheng, Professor at the University of International Business and Economics.
