UPDATE 2-China Feb producer prices fall back into deflation, more easing steps seen [Reuters]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Reuters
UPDATE 2-China Feb producer prices fall back into deflation, more easing steps seen * Feb PPI -0.4% y/y vs +0.1% in Jan * Feb CPI +5.2% y/y vs +5.4% in Jan * Price prices swing back into deflation as virus hits economy * Consumer prices stay elevated on soaring food costs (Adds analyst comment, details) By Kevin Yao BEIJING, March 10 (Reuters) - China’s producer prices swung back into deflation territory in February as the coronavirus epidemic braked economic activity, raising the prospect of more policy stimulus even as consumer inflation stayed elevated on high food costs. Beijing has rolled out a raft of measures to cushion the blow from the health crisis amid fears of widespread job losses but analysts don’t expect consumer inflation near eight-year highs to be a major hurdle for policymakers. The producer price index (PPI) fell 0.4% in the year to February, National Bureau of Statistics data showed on Tuesday, as strict containment measures to curb the spread of the virus caused
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