China CPI Inflation A Bit Faster Than Forecast

China's consumer inflation rate held steady in January, coming in slightly higher than forecasts. The consumer price index (CPI) for January jumped 2.5 percent from a year earlier, or 1 percent on a monthly basis, as beef, pork and vegetable prices all increased, official data showed Friday. The year-on-year result was identical to that in December, but the month-on-month gain was higher than a 0.3 percent climb in the previous month. The result also surpassed a 2.3 percent climb forecasted in W...