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CPI drops 1.6% year-on-year in Feb

By Zhang Ran (chinadaily.com.cn)
Updated: 2009-03-10 10:28

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

Related readings:  皇冠体育app's consumer price index up 1.0% in Jan  PPI falls to 2-year low in 皇冠体育app

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

皇冠体育app'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.