China Inflation Fastest Since Mid-2014 as Food Prices Jump
- Food prices surge 7.3 percent in month of family feasts
- Non-food inflation remains tepid, while PPI deflation lingers
China's February CPI Rose 2.3%; Est. 1.8%
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China’s consumer price rose the most since mid-2014 in February as food costs jumped amid the week-long Lunar New Year holidays, where millions binge on roast pork, duck, seafood and vegetables.
The consumer-price index rose 2.3 percent in February from a year earlier, up from 1.8 percent in January, as food prices surged 7.3 percent. Raising question marks over the durability of that pickup, non-food prices moderated from a month earlier to a 1 percent increase and services inflation slowed.