[营销星球]利丰研究中心：2月中国主要价格指标（英文版）

FungBusinessIntelligenceGlobalSourcing1MajorPriceIndicators1.CPIgrowthjumpsinFebruaryTheyear-on-yeargrowthrateofChina’sconsumerpriceindex(CPI)1wentupfrom1.5%inJanuarytoafour-yearhighof2.9%inFebruary,whichwashigherthanmarketexpectations(seeexhibits1&2).TheCPIreadinginFebruarycontinuedtobedistortedbythetimingoftheChineseNewYear,whichfellinlateJanuary2017butstartedinmid-Februarythisyear.DuetoalowercomparisonbaseinFebruarylastyearandastrongerdemandforfoodandtravelduringandaroundtheChineseNewYearholidaysthisyear,theyear-on-yeargrowthinthefoodcomponentintheCPIwentupto4.4%inFebruaryfromminus0.5%inJanuary,andtheyear-on-yeargrowthinthenon-foodcomponentclimbedto2.5%inFebruaryfrom2.0%inJanuary.Lookingahead,wep