# food prices

China’s Inflation Tick-Up: Lunar New Year Travel and Services Push CPI to Three-Year High

China’s CPI rose 1.3% year-on-year in February — the highest pace in three years — driven largely by a Lunar New Year-fuelled jump in services and a rebound in food prices. Core inflation was 1.3% for January–February, indicating strengthening underlying demand even as officials stress ample supply and manageable risks.