China’s consumer price index (CPI) was up 2 percent from a year earlier in February, marking the smallest increase in 13 months, according to data released by the National Bureau of Statistics (NBS) on Sunday. Food prices rose 2.7 percent during the month, and service prices were up 2.9 percent. Inflation for the first two months of the year stood at 2.2 percent. Meanwhile, the producer price index (PPI), a gauge of wholesale prices, declined 2 percent from a year ago in February, down for the second consecutive month and marking the largest dip over the past seven months. Compared to January, PPI was down 0.2 percent.
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