China's inflation rate dropped to 2.0 percent year-on-year in February, down from 2.5 percent in January, the government said Sunday.
The consumer price index (CPI) figure announced by the National Bureau of Statistics matched the median forecast in a poll of 13 economists by Dow Jones Newswires.
The producer price index, which measures costs for goods at the factory gate, declined by 2.0 percent in February, more than January's 1.6 percent fall, the NBS also said.
China's CPI, a main gauge of inflation, rose by 2.6 percent in 2013, unchanged from 2012 and well below the 3.5 percent target set by the government in the world's second-biggest economy.
Premier Li Keqiang set an unchanged inflation goal for this year in a speech to China's National People's Congress last week.
Inflation in China has slowed markedly since 2011, when annual CPI spiked to 5.4 percent, and maintaining growth in the face of domestic and overseas economic woes has since become a higher priority for Beijing.
China’s inflation rate dropped to 2.0 percent year-on-year in February, down from 2.5 percent in January, the government said Sunday.
The consumer price index (CPI) figure announced by the National Bureau of Statistics matched the median forecast in a poll of 13 economists by Dow Jones Newswires.
The producer price index, which measures costs for goods at the factory gate, declined by 2.0 percent in February, more than January’s 1.6 percent fall, the NBS also said.
China’s CPI, a main gauge of inflation, rose by 2.6 percent in 2013, unchanged from 2012 and well below the 3.5 percent target set by the government in the world’s second-biggest economy.
Premier Li Keqiang set an unchanged inflation goal for this year in a speech to China’s National People’s Congress last week.
Inflation in China has slowed markedly since 2011, when annual CPI spiked to 5.4 percent, and maintaining growth in the face of domestic and overseas economic woes has since become a higher priority for Beijing.
