Holiday lifts Feb consumer prices
By Chen Jia | China Daily | Updated: 2015-03-11 08:07
Third straight year of industrial deflation as PPI sinks 4.8 percent
Inflation at the consumer level rebounded more than expected last month, lifted by a surge in food prices during Spring Festival, while industrial deflation accelerated, the National Bureau of Statistics said on Tuesday.
The Consumer Price Index rose 1.4 percent year-on-year in February, compared with a five-year low of 0.8 percent in January, as the long holiday (from Feb 18 to 25) boosted demand.
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