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China Feb inflation highest since July 2014

Zoom in font  Zoom out font Published: 2016-03-11  Views: 5
Core Tip: Inflation in China in the month February mounted to +2.3%, highest since July 2014.
Inflation in China in the month February mounted to +2.3%, highest since July 2014.

Consumer prices in the world's second-largest economy accelerated to a six-month high in February as seasonal distortions caused food prices to spike.

Consumer price inflation rose 2.3 percent from a year ago, faster than January's 1.8 percent rise and well above Reuters expectations for 1.9 percent rise. February's expansion was the fastest annual pace of growth since July 2014, Reuters said.

The increase is partly caused by the festivities surrounding the Chinese New Year, and is expected to weaken in March. Lunar New Year festival fuels demand for fresh food, which drives up prices. The cold weather in December and January damages part of the vegetable crop, inflating prices further.
 
 
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