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China's inflation reaches 10-month high

China's inflation has reached a 10-month high but remains under the government's target.

Data released Saturday by China's National Bureau of Statistics show consumer prices rose 3.2 percent in February, up from the previous month's 2 percent.

The spike came amid rising prices for meat products and fresh vegetables, as Chinese families stocked up for banquets to celebrate this year's Lunar New year, which took place during February.

Analysts predict price pressure will rise throughout 2013 but stay close to Beijing's target inflation rate of 3.5 percent for the year. (AP)

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