China Feb consumer prices up 3.2%, below estimates

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China Feb consumer prices up 3.2%, below estimates (by V. Phani Kumar)

HONG KONG (MarketWatch) -- China's consumer price index rose at a weaker-than-expected rate of 3.2% in February from the same month a year earlier, according to data released Friday. The CPI print is lower than the 3.4% expected by economists surveyed by Dow Jones Newswires and FactSet Research, and is sharply lower than the 4.5% increase seen in January. The producer price index for February came in at 0%, also weaker than expected and slowing from January's 0.7% year-on-year increase.

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