After six months of deflation, the month of February marks the return of rising consumer prices in China. Inflation is estimated at 0.7% (compared to predictions of 0.3%) by the national statistics office.
The return of price increases is observed in the education, culture, entertainment, services and even clothing sectors. However, it is too early to talk about the end of deflation according to some economists. China is penalized by a major real estate crisis and high youth unemployment.