China consumer inflation jumps in Feb

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BEIJING: China’s consumer inflation jumped to 2.3 percent in February, its highest in nearly two years, official data showed on Thursday, in a positive sign for demand in the world’s second-largest economy. Food prices surged during the annual Lunar New Year holiday, with pork prices jumping 25.4 percent year-on-year, and vegetables up a hefty 30.6 percent. The rise in the consumer price index released by the National Bureau of Statistics was the largest since July 2014, and came in ahead of market forecasts of 1.8 percent in a survey by Bloomberg News.

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