China’s National Bureau of Statistics announced on Wednesday that the consumer price index (CPI) fell 0.2% year-on-year in February, compared with the median estimate of a 0.4% year-on-year drop in a Reuters survey, according to Reuters.
The data also showed that the industrial producer price index (PPI) rose 1.7% year-on-year in February, also above the Reuters poll median estimate of 1.5%, the highest since November 2018.
CPI rose 0.6% in February from a year earlier, up 0.4% from the median Reuters poll estimate; PPI rose 0.8% from a year earlier; Food prices in CPI fell 0.2% in February from a year earlier and non-food prices fell 0.2%. Core CPI excluding food and energy prices turned flat from a 0.3% decline in the previous month.
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