China's core inflation rises by 1.4% in February - BBC

China's core inflation rate rose by 1.4% in February from a year earlier, recovering from a more than five-year low and exceeding most expectations.

The consumer price inflation (CPI) data compares with a rise of 0.8% in January, which was the weakest reading since November 2009.

China's new consumer inflation target is about 3%, down from 3.5% in 2014.

The rise in inflation for the period was attributed by officials to China's Lunar New Year celebrations.

The official number could ease some deflation worries for the world's second-largest economy, although analysts were unconvinced the holiday period was a factor for the year-on-year rise.

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