China Feb Consumer Inflation Rises At Fastest Pace Since 2014

"The recent rebound in oil prices, recovery in food prices and surging home prices in big cities all contributed to higher inflation in February. We think inflation will not surpass the government target of 3 percent this year but the rising inflation will obviously restrict room for further policy easing."

China aims to keep consumer inflation at around 3 percent in 2016 to reflect factors such as rising labor cost, price fluctuations of agricultural products and the impact of further price reform.