date:Apr 10, 2013
consumer price index showed an annual rise of 2.1 percent, well below the 2.4 percent market consensus from a Reuters poll of economists.
Producer prices dropped 1.9 percent year-on-year, broadly in line with the consensus forecast for a 1.8 percent fall, and a steeper fall than February's 1.6 percent.
Lower inflation will greatly ease investors' concerns that the policymakers would begin to tighten monetary conditions, Haibin Zhu, chief China economist at JP Morgan in Hong Kong, told Reuters.