Despite the Chinese New Year celebration, the headline inflation rate moderated to 1.2% yoy in February, from +1.3% in January. This was the first easing after two consecutive months of picking up, indicating that price pressure has eased somewhat, as traders might have difficulties in raising prices given that economic recovery is still at its early stage. The moderation was reflected in a slower increase in the core inflation rate. This was offset partially by a pick-up in food & non-alcohol beverage prices.
Economic Highlights : Inflation Rate Moderated To 1.2% Yoy In February - 22/03/2010
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