China producer prices dip in January for a 16th month; consumer prices see biggest drop since 2009

China’s PPI fell 2.5% in January from a year earlier, slightly better than expectations. CPI fell 0.8% in January on an annual basis, more than the median estimate. China’s producer prices declined for a 16th month in January, while consumer prices saw their biggest drop since 2009. Overall, food prices declined 5.9% in January from a year ago. Core CPI climbed 0.4% in January from a year earlier. Thursday’s inflation print emphasizes lingering fears of deflation in China. China’s economy has been impacted by a property market slump after measures were taken to address debt reliance.