China Feb year on year inflation quickens to 2.3%, fastest pace since July 2014

[BEIJING] China's consumer inflation quickened to 2.3 per cent year-on-year in February, at its fastest pace since July 2014 and beating market expectations.

Analysts polled by Reuters predicted consumer inflation would come in at 1.9 per cent, compared with 1.8 per cent posted the prior month.

The producer price index remained in deflation, falling 4.9 per cent in February, the National Bureau of Statistics said on Thursday, meeting expectations after a fall of 5.3 per cent the prior month.

REUTERS