February consumer inflation fell 0.7 per cent year on year, while prices at the factory gate were down 2.2 per cent.
Just days after China lowered its annual consumer inflation control target from around 3 per cent to around 2 per cent – following two years in which the actual reading has languished at 0.2 per cent – the National Bureau of Statistics said February’s consumer price index (CPI) fell 0.7 per cent year on year.
The inflation gauge for the first two months of this year – including the movable Lunar New Year holiday – dropped 0.
