China’s factory inflation in February rose 8.8% YoY, which was the slowest annual pace in eight months, according to the data from the National Bureau of Statistics (NBS). Meanwhile, economists expect the figure to rise in the coming months due to surging global commodity prices.
The slowdown of factory inflation in February was due to seasonal effects from the Lunar New Year holiday as many Chinese factories closed in the first week of the month, putting a halt on productions.
The 8.8% rise was down from 9.1% growth in January, but was slightly higher than a 8.7% rise in a Reuters poll.
