China today said the inflationary pressure on its economy is easing as consumer price index, the main gauge of the rate of price rise, has dropped to 3.2 per cent in February, the lowest in 21 months. China's National Bureau of Statistics (NBS) announced in Beijing that the country's consumer price index (CPI) climbed by 3.2 per cent year-on-year in February, marking the lowest growth rate since June 2010. February's CPI growth declined from the 4.5 per cent increase seen in January, when traditional Chinese Lunar New Year shopping spree boosted retail prices. In the first two months of this year, the CPI grew 3.9 per cent compared to same period last year. The NBS said that on a monthly basis, CPI dipped 0.1 per cent in February