Halister News

(Bloomberg) -- Consumer-price increases in China probably rose below 2% for a sixth month in Feb., analysts forecast.

• CPI rose 1.8%, matching increase in Jan., according to median est. in Bloomberg survey
• Producer prices may have dropped 4.9% after sliding 5.3% in Jan., according to separate survey; both sets of data due at 9:30 am Shanghai time tomorrow
• Following recent rebound in steel and coal prices, expect declines in PPI to be milder, CICC writes in note dated March 7
• Food-inflation tracker rose 4.64% last month vs 3.02% in Jan.; component has about 30% weighting in inflation basket; correlation between food-inflation tracker and CPI at 0.986 in past five years
• NPC set CPI target for this year at 3%