March 11, 2014
China's February pork prices down 9%
While China's consumer price index rose 2% in February, the slowest rate in 13 months, the country's pork prices fell 9%, the most in more than a year, a sign that slowing growth poses a bigger risk to the country's economy than rising prices, the National Bureau of Statistics said.
And in an indication that China's wobbly economy is fighting substantial slack, producer prices fell for the 24th consecutive month, dropping 2%, slightly more than the 1.9% drop that had been forecast.
These prices have fallen every month for two years, and producer deflation shows no signs of abating. The producer price index fell by its most in seven months in February.
Prices were down across the board, including means of production and raw materials, both of which were at their weakest levels in seven months.