China's deflationary pressures deepen in February

Consumer price index fell at the sharpest pace in 13 months

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Food prices in China fell 3.3% last month, versus a 0.4% rise in January.  © Reuters

BEIJING (Reuters) - China's consumer price index in February fell at the sharpest pace in 13 months, while producer price deflation persisted, as seasonal demand faded and households remained cautious about spending amid job and income woes.

Beijing last week vowed greater efforts to boost consumption in the face of an escalating trade war with the U.S., but analysts expect deflationary pressures in the world's second-largest economy to persist.

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