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Chinese inflation hits highest level since 2013

March 9, 2018 9:36 AM
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Mubasher: China’s inflation rate accelerated more than expected in February, marking its highest level since November 2013, while producer prices growth slowed during the month.

Consumer Price Index (CPI) rose 2.9% last month, compared with a 1.5% increase in January, data by the country’s National Bureau of Statistics (NBS) showed on Friday.

Economists had expected a slighter inflation rise of 2.5% during February.

Meanwhile, Producer Price Index (PPI) expanded by 3.7% in February, down from 4.3% in the previous month, and versus analysts’ forecasts of a 3.8% growth.


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