China: CPI rose 2.9%/y in Feb - TDS

Analysts at TDS note that Chinese CPI rose 2.9%/y in Feb, higher than mkt 2.5%/y and 1.5%/y in Jan.

Key Quotes

“Distortions from Chinese New Year holidays as well as weather impacting fresh produce played a role (i.e. food 4.4%/y). While there are no significant policy implications, but with inflation trending higher, even before the latest jump, the bias for rates markets will be higher.”