China Consumer Inflation Picks Up As Holiday Boosts Spending
Analysts at Nomura Holdings Inc. including Sonal Varma and Si Ying Toh estimate that China’s CPI could have been distorted by around 0.4 percentage point last month, as some prices gained when consumers ramped up purchases ahead of the festival that ran from Jan. 28 to Feb. 4 this year. The Lunar New Year is…