It was shown recently that a PT-symmetric quantum field theory in dimensions possesses a nontrivial fixed point. The critical behavior of this theory around the fixed point is examined and it is shown that the corresponding phase transition is related to the existence of a nontrivial solution of the gap equation. The theory is studied first in the mean-field approximation and the critical exponents are calculated. Then, it is examined beyond the mean-field approximation by using renormalization-group techniques, and the critical exponents for dimensions are calculated to order . It is shown that because of its stability the PT-symmetric theory has a higher predictive power than the conventional theory. A comparison of the model with the Lee-Yang model is given.

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