February CPI increased by 1.3% year-on-year, experts: expect positive improvement in prices.

According to the Securities Times, data released by the National Bureau of Statistics on March 9 showed that the CPI in February rose by 1.3% year-on-year, the highest in nearly three years; it rose by 1% from the previous month, the highest in nearly two years; the core CPI, excluding food and energy prices, rose by 1.8% year-on-year. Looking ahead, Wen Bin, chief economist at Minsheng Bank, told reporters that positive improvements in prices can be expected. He believes that with more proactive macroeconomic policies and the "anti-inner cove" policies in effect, along with the turning point of the hog cycle and support from global commodity prices, a moderate increase in CPI and a narrowing and reversal of PPI declines will be highly probable.