OREANDA-NEWS  Consumer inflation in China accelerated to its highest level in five months in January. This was reported by the Reuters news agency with reference to the National Bureau of Statistics.

It turned out that the consumer price index increased by 0.5 percent compared to the same period of the previous year. Core inflation, excluding food and fuel prices, rose to 0.6 percent in January.

Air ticket prices increased by almost nine percent, and in the tourism sector, inflation was seven percent. The cost of cinema and performance tickets increased by 11 percent.

Earlier it was reported that in the average decade before the coronavirus pandemic, inflation in China was 3.4 percent. However, the situation has changed over the past few years due to the housing crisis, which wiped out $18 trillion in household savings.