China Consumer Prices Ease 0.2% On Year In February

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Consumer prices in China were down 0.2 percent on year in February, the National Bureau of Statistics said on Wednesday.

That exceeded expectations for a decline of 0.4 percent and was up from -0.3 percent in the previous month.

On a monthly basis, consumer prices climbed 0.6 percent – again beating forecasts for a gain of 0.4 percent but down from 1.0 percent a month earlier.

The bureau also said that producer prices were up 1.7 percent on year – exceeding expectations for an increase of 1.5 percent and up sharply from 0.3 percent in January.

The material has been provided by InstaForex Company – www.instaforex.com

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