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China's consumer prices rise 0.2% in January, producer deflation softens

BY Reuters | ECONOMIC | 08:37 PM EST

BEIJING, Feb 11 (Reuters) - China's consumer prices extended a year-on-year gain ?in January while ?producer deflation softened, data from the ?National Bureau of Statistics ?showed on Wednesday. The consumer ?price ?index (CPI) rose 0.2% from the ?same month last ?year, cooling from an 0.8% increase ?in December ?and ?missing expectations in a Reuters poll for a 0.4% ?rise. On a monthly ?basis, CPI edged up 0.2%, missing a forecast for a 0.3% ?increase ?and matching the ?rise in December.

The ?producer price index (PPI) fell 1.4% year-on-year, compared with a 1.9% fall in December and an expected drop ?of 1.5%. (Reporting by Yukun Zhang and Ryan Woo; ?Editing by ?Sam Holmes and Christian ?Schmollinger)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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