China inflation steadies in Feb Published 1:05 PM, 11 Mar 2011 Last update 1:05 PM, 11 Mar 2011
Reuters
China's headline consumer price inflation steadied at 4.9 per cent in the year to February, the same as January, the National Bureau of Statistics (NBS) said on Friday.
China's industrial output in the first two months of 2011 rose 14.1 per cent year-on-year from a 13.5 per cent pace in December.
Economists polled by Reuters had forecast a 4.7 per cent rise in the consumer price index and a 13.3 per cent rise in industrial output.
The consumer price index (CPI) rose 1.2 per cent in February from the previous month, after a 1.0 per cent month-on-month rise in January. This figure was not seasonally adjusted.
Giving a more detailed breakdown of CPI, the NBS said food prices rose 11.0 per cent in the year to February, with non-food prices up 2.3 per cent.
In month-on-month terms, food prices rose 3.7 per cent, while non-food prices were up 0.1 per cent.
The producer price index rose 7.2 per cent in the year to February and was up 0.8 per cent month on month.
