China Consumer Price Index Rose 1% In Jan 14-Feb-2014

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China’s consumer inflation rate held steady in January, while wholesale prices fell at a faster rate than in January. The consumer price index rose 2.5% from a year earlier, or 1% on a monthly basis, as pork, beef and vegetable prices all rose. The year-on-year result was identical to that in December, though the month-on-month gain was above a 0.3% rise in the previous month. The producer price index, meanwhile, fell 1.6% from a year earlier — the largest drop since August — and was 0.1% below that of a month earlier. This compared to a 1.4% fall in December, when prices were flat on a monthly basis.