China's CPI up 2 pct, PPI down 2 pct
chinagate.cn, March 9, 2014 Adjust font size:
China's consumer price index (CPI), a main gauge of inflation, increased 2 percent year on year in February, down from 2.5 percent in January, the National Bureau of Statistics (NBS) unveiled on Sunday.
Inflation rose 2.1 percent in cities and 1.7 percent in rural areas from the same period of last year, the NBS data showed.
Food prices, which account for nearly one-third of the weighting in the calculation of China's CPI, rose 2.7 percent year on year. Prices of non-food products climbed 1.6 percent from a year ago.
On a month-to-month basis, CPI edged up 0.5 percent last month from January, while food prices rose 1.7 percent and prices of non-food remained flat.
China's producer price index (PPI) contracted 2.0 percent year on year in February, following a 1.6-percent decline in January, NBS data showed.
The PPI, which measures inflation at the wholesale level, has been in deflationary territory for 24 consecutive months, the longest drop since the 1990s.
