(MENAFN) The National Bureau of Statistics (NBS) said that China's inflation expanded by 0.8 percent on-year in January, marking the slowest increase in five years, QNA reported.
Food prices, which account for about one-third of weighting in China's consumer price index (CPI), went up 1.1 percent over a year earlier. Compared to December, CPI edged up 0.3 percent.
The NBS attributed the marginal growth to declining food prices due to warmer weather in the period, with global oil prices which also helped drag down the price levels.
The world's second-largest economy grew 7.4 percent in 2014, the weakest expansion in 24 years and a sign of economic indicators for the new year, suggesting continued weakness.
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