Rising food prices send China’s inflation soaring skyward

China’s consumer price rose the most since mid-2014 last month as food costs jumped amid the week-long Lunar New Year holidays, where millions binge on roast pork, duck, seafood, and vegetables.

The consumer-price index rose 2.3% in February from a year earlier, up from 1.8% in January, as food prices surged 7.3%.

Raising question marks over the durability of that pickup, non-food prices moderated from a month earlier to a 1% increase and services inflation slowed.