Chinese inflation spike scares investors

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Consumer price inflation in China leapt 2.7% in the year to February according to data released by the country's National Bureau of Statistics on Thursday.

The news spooked markets, which had on average expected a one percentage point gain from January, which would have taken the increase in consumer prices to 2.5%. The Shanghai Composite Index, which lists all stocks traded on China's leading exchange, shed 1.24% by the close of trade on Friday.

The bulk of the increase came from food prices, t

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