China inflation jumps but worries endure

[WorldNews]

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China's consumer inflation rebounded in February from a more-than-five-year low, official data showed Tuesday, but a plunge in factory gate prices added to persistent concerns about deflation in the world's second-largest economy. The result, which exceeded the median forecast for a 1.0 percent gain in a survey of analysts by Bloomberg News, came largely due to higher prices for food and services surrounding China's annual Lunar New year holiday, which economists largely saw as a one-off. The PPI fell 4.8 percent year-on-year, the NBS said, more than the 4.3 percent decline recorded in January, and the worst result since October 2009.

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