BIZCHINA> Top Biz News
    CPI drops 1.6% year-on-year in Feb
    By Zhang Ran (chinadaily.com.cn)
    Updated: 2009-03-10 10:28

    China's consumer price index (CPI) in February dropped 1.6 percent year-on-year, the first negative growth since December 2002.

    Related readings:
    CPI drops 1.6% year-on-year in Feb China's consumer price index up 1.0% in Jan
    CPI drops 1.6% year-on-year in Feb PPI falls to 2-year low in China

    The other measure of inflation, the producer price index (PPI), dropped as much as 4.5 percent in February.

    China's tightening monetary policy starting at the end of 2007 caused the CPI to start falling in May after it peaked at 8.7 percent in February last year. It fell to 1.0 percent in January, the lowest in 30 months.

    The National Bureau of Statistics (NBS) released the figures today.


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