China’s annual inflation surged to a 10-month high in February while industrial production and retail sales declined in the month, official data released over the weekend showed, sending a mixed signal about the state of the country’s economy. China’s consumer price index (CPI) rose 3.2% in February from the previous year, according to data released Saturday by the National Bureau of Statistics (NBS), above market expectations of 3% growth…Full-text article: People’s Daily Online Mar 2013

Key point

  • Chinese food prices, which comprise roughly 1/3 of the CPI, increased by 6% in February from a year ago thanks in part to the Spring Festival (i.e. Chinese New Year).

 

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