Consumer prices in China fell last month, which is the first time since January 2024.
The Consumer Price Index, an important measure of inflation, fell by 0.7 percent in February compared to the same period last year, according to official statistics. It was a sharper decline than the -0.4 percent that analysts had counted on according to a survey from Bloomberg.
The decline comes at the same time as Beijing is struggling to get consumption going, which has not yet recovered from the pandemic.
