Beijing's CPI rises 3.9% year-on-year in Jan and Feb

In the first two months of the year, Beijing's Consumer Price Index, a main gauge of inflation, rose 3.9 percent year-on-year, according to the National Bureau of Statistics.

In February, the CPI rose to 4.6 percent month-on-month. Driven by the surge in housing transactions in the past two months, Beijing's real estate investments also rose. Around 2.86 million square meters of new-home floor space was started in the first two months, an 85.7 percent increase over the same period last year.