BOFIT Weekly Review 2016/10
Rising food prices drive Chinese inflation higher
Consumer prices rose 2.3 % y-o-y in February, up from 1.8 % in January. Notably, core inflation (food and energy prices omitted) slowed slightly to 1.3 % y-o-y. The long slide in producer prices continued in February, when producer prices were down 4.9 % y-o-y. However, the slide has been slowing down in recent months.