China Inflation Fastest Since Mid-2014 as Food Prices Jump

http://www.bloomberg.com/news/articles/2016-03-10/china-inflation-picks-up-as-food-prices-jump-demand-recovers


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.