China’s Weak Inflation Eases Pressure on Global Prices

(Bloomberg) — China’s consumer and producer prices remained subdued in February as food and commodities costs eased, suggesting the country’s reopening won’t be adding to global inflation pressures. 

The consumer price index rose 1% last month from a year earlier, the National Bureau of Statistics said Thursday, the lowest level since February 2022 and well below estimates. Less volatile core inflation eased to 0.6% from 1%, while producer prices stayed in deflation, dropping 1.4%.