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    10.03.2016 09:21 Chinese consumer price index rises at annual rate of 2.3% in February

    The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Thursday. The Chinese consumer price index (CPI) rose at annual rate of 2.3% in February, exceeding expectations for a 1.9% increase, after a 1.8% gain in January. It was the biggest rise since July 2014.

     

    Food prices rose at an annual rate of 7.3% in February, while non-food prices increased 1.0%.

     

    On a monthly basis, consumer price inflation increased 1.6% in February, after a 0.5% rise in January.

     

    The Chinese producer price index (PPI) dropped 4.9% in February, in line with expectations, after a 5.3% decline in January.


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