China Inflation Slows to 13-Month Low
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China’s inflation slowed more than estimated to a 13-month low in February while factory-gate deflation deepened as prices cooled following a week-long holiday.
The consumer price index rose 2 percent from a year earlier, the National Bureau of Statistics said today in Beijing, compared with the 2.1 percent median estimate in a Bloomberg News survey of analysts. The producer-price index fell 2 percent, more than estimated, extending to 24 months the longest decline since 1999.