MNI BRIEF: NBS Notes Favourable Conditions For China CPI

China’s upcoming Spring Festival will raise demand for food and consumption activities, providing favourable conditions to increase the nation's CPI, said Fu Linghui, director at the National Bureau of Statistics on Friday.

CPI in 2025 is expected to rise moderatly, given the implementation of macro policies and a reasonable recovery in economic growth, Fu noted.

January’s CPI was expected to expand based on analysis of preliminary data, Fu said.

China's Loan Prime Rate is likely to hold Monday as the central bank prioritizes the yuan's stability while curbing any rapid drop in treasury yields, which are expected to restrain its easing pace. (See MNI PBOC WATCH: Jan LPR To Hold As Yuan Faces Pressure)