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Chinese inflation data points to sluggish property market

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The price of accommodation increased by 0.8 per cent over the year to January 2015, according to figures on accommodation costs included in the National Bureau of Statistics' (NBS) monthly inflation data release.

This was a 0.2 percentage point drop on the 1 per cent annual growth in accomodation prices that occurred in December 2014.

In terms of month-on-month growth, after negative growth in November and December, the price level did not change in January.

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Price of accommodation increases 0.8 per cent over the year to January 2015.

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