date:Mar 11, 2013
s become favourable for food production and transportation and March CPI is expected to ease from February, Yu Qiumei, a senior NBS statistician, said in a statement accompanying the data.
Policymakers are already braced for higher prices this year versus last. Inflation is likely to hit 3.5 percent in 2013, according to targets announced at the opening of China's annual legislative meeting on Tuesday. Inflation in 2012 was 2.6 percent.
The 2013 projection, however, is 50 basis points below th