BEIJING, March 9 (Reuters) - China's consumer inflation
in February fell at the quickest pace since January 2024, while
producer price deflation persisted, as seasonal demand faded
while households are still cautious about spending amid job and
income worries.
The consumer price index edged down 0.7% last month from a
year earlier, reversing January's 0.5% increase, data from the
National Bureau of Statistics showed on Sunday, missing a 0.5%
slide estimated by economists in a Reuters poll.
CPI fell 0.2% month-on-month, against a 0.7% rise in January
and below a predicted 0.1% drop.
The producer price index fell 2.2% on year in February,
improving from a 2.3% slide in January, but missing the forecast
2.1% decline.