Don't Read Too Much Into Rising Food Prices in China: Chart

Food prices in China posted their largest increase since May 2014 in January, but the uptick was probably a seasonal shock ahead of the Lunar New Year holiday, according to economists. "Food prices are subject to supply shocks and seasonal blips –- especially in the winter and ahead of Chinese New Year," Bloomberg Intelligence Economists Tom Orlik and Fielding Chen wrote in a note. The new year festivities started early February, making late January the prime time for families stocking up on food items.

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