China’s Weak Inflation Eases Pressure on Global Prices
- CPI rises 1%, lower than economists’ estimate of a 1.9% jump
- Lower CPI rise attributed to earlier Lunar New Year holiday
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China’s consumer and producer prices remained subdued in February as food and commodities costs eased, suggesting the country’s reopening won’t be adding to global inflation pressures.
The consumer price index rose 1% last month from a year earlier, the National Bureau of Statistics said Thursday, the lowest level since February 2022 and well below estimates. Less volatile core inflation eased to 0.6% from 1%, while producer prices stayed in deflation, dropping 1.4%.