China s consumer price index grows 0.8% in February

Beijing March 9 (IANS) China s consumer price index (CPI) grew 0.8 per cent in February from 2016 according to figures released Thursday by the National Bureau of Statistics.

This was in comparison to a 2.5 per cent year-on-year increase registered in January Efe news reported.

The data recorded in February puts China s inflation at its lowest level since 2015 equal to the 0.8 per cent rise in January 2015 which was the lowest since November 2009.

China also announced that the producer price index (PPI) which measures the variation of wholesale prices reached its highest level since 2008 growing by 7.8 per cent year-on-year in February.

--IANS
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