date:Mar 10, 2014
on tools, tours and outings, and rent.
On a month-to-month basis, CPI edged up 0.5 percent last month from January, while food prices rose 1.7 percent, down from 3.7 percent in January, and prices of non-food remained flat.
Lu Ting, economist with Bank of America Merrill Lynch, said the major factor driving the sharp decline in food inflation was the distortion of the Chinese Lunar New Year holiday, which fell at the end of January and ended in early February, along with the government frugali