Data – Saturday release: China February CPI 3.2% y/y (vs. 3.0% y/y expected)

• Prior was 2.0% y/y
• Preview (with past results graph) posted here

February at 3.2% y/y has come in a little above expectations, indicating inflation in China is still something the PBOC is going to be monitoring closely. The CPI is expected to fall back a little in March, though, as food prices have since fallen.