China Consumer Inflation Drops Below Zero for First Time in Year

 

China’s consumer inflation dropped below zero for the first time in 13 months, a reading skewed by seasonal distortions but also a reminder of persistent deflationary pressures in the economy.

The consumer price index declined by 0.7% in February from a year earlier, the National Bureau of Statistics said Sunday, compared with a 0.5% gain in the previous month. The median forecast of economists surveyed by Bloomberg was a 0.4% drop.

https://www.bloomberg.com/news/articles/2025-03-09/china-consumer-inflation-drops-below-zero-for-first-time-in-year