Inflation rate dips to 5-year low in January

Deflation fears spook industrial sector; both indexes weakest since global financial crisis

Inflation at the consumer level moderated to a five-year low in January, led by declining food prices, while deflation intensified in the industrial sector, reinforcing expectations for further monetary easing to stabilize growth.

The Consumer Price Index fell to 0.8 percent in January from 1.5 percent in December, the National Bureau of Statistics said on Tuesday.