4. The general weakness in the renminbi, which fell 1.3 per cent in January and had weakened by 2.2 per cent in the final quarter of 2015, is likely playing a part, by making overseas goods more expensive. However, exports have yet to receive a boost from the currency’s depreciation.
5. In month-on-month terms, consumer prices fell 0.1 per cent after having risen 0.7 per cent a month earlier.