China’s inflation rebounded more than forecast to a 10-month high in February, approaching the government’s target as a weeklong holiday helped boost prices. The consumer price index rose 3.2 percent in February from a year earlier, the National Bureau of Statistics said today in Beijing. That compares with the 3 percent median estimate in a Bloomberg News survey of 35 economists and a 2 percent gain in January. Data in the first two months of the year are distorted by the Lunar New Year holiday, which fell in February this year and January in 2012. A sustained pickup in inflation would boost the case for monetary ... (full story)