China's consumer prices post steepest drop in 14 years

January inflation slipped 0.8%, declining for a fourth month as producer prices also fell

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An outdoor market in Beijing on Jan. 12. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- China's consumer prices in January posted the steepest monthly fall in 14 years and producer prices also declined, according to official data that will fan concerns about deflation in the world's No. 2 economy.

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