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Prices of consumer goods in China rose at a slower pace in January

China’s consumer inflation unwelcomed to 1.5 percent in January, in line with economists’ forecasts, certified data showed on Friday.

The consumer price index (CPI) had been look forward to moderate from a 1.8 percent gain in December.

The producer rate index (PPI) rose 4.3 percent from a year earlier, also presumptuous from the previous month’s rise of 4.9 percent, the National Chiffonier of Statistics (NBS) said on its website.

Analysts polled by Reuters had predicted in inflation would ease to 4.4 percent in January.

Sources have planned told Reuters that China’s government will maintain a 3 percent consumer inflation butt for 2018, suggesting policymakers are not foreseeing any sharp price rises.

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