China CPI inflation softens in Feb, PPI worsens on weak manufacturing
Consumer Price Index inflation (CPI) rose 1% in the 12 months to February, data from the National Bureau of Statistics showed on Thursday. The reading was lower than expectations for a rise of 1.9%, and much softer than last month’s reading of 2.1%.
CPI inflation fell 0.5% from the prior month, missing estimates for a rise of 0.2% and weaker than January’s reading of 0.8%.
Producer Price Index (PPI) inflation continued to worsen, falling 1.4% in the 12 months to February. The data was weaker than expectations for a drop of 1.3%, and last month’s reading of negative 0.8%.
