BEIJING (AP) — China’s inflation rate eased in February to 2
percent year-on-year amid signs the world’s second-largest economy
might be cooling.
The consumer price rise reported Sunday by the
National Bureau of Statistics was down from January’s 2.5 percent. The
rise in politically sensitive food costs decelerated to 2.7 percent from
January’s 3.7 percent.
Lower inflation could ease pressure on
Chinese leaders as they try to focus on promised reforms aimed at making
the economy more productive and keeping growth strong.
Producer
prices, measured as goods leave the factory, declined by 2 percent from a
year earlier. Producer price inflation has been negative for two years,
reflecting excess production capacity in many industries that has led
to price-cutting wars.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
BEIJING (AP) — China’s inflation rate eased in February to 2
percent year-on-year amid signs the world’s second-largest economy
might be cooling.
The consumer price rise reported Sunday by the
National Bureau of Statistics was down from January’s 2.5 percent. The
rise in politically sensitive food costs decelerated to 2.7 percent from
January’s 3.7 percent.
Lower inflation could ease pressure on
Chinese leaders as they try to focus on promised reforms aimed at making
the economy more productive and keeping growth strong.
Producer
prices, measured as goods leave the factory, declined by 2 percent from a
year earlier. Producer price inflation has been negative for two years,
reflecting excess production capacity in many industries that has led
to price-cutting wars.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.