China’s inflation surged 8.7% in February on the back of food prices, which rose 23%. Snowstorms crippled transportation networks and damaged crops, temporary adding to inflation. But some believe food inflation will bleed into other sectors. The instability that results from this type of broad-based inflation is at the forefront of the leadership's concern. At the National People's Congress last week, Premier Wen Jiabao announced inflation as the first priority of the central government.

Snapshot asks, does China have a temporary problem with food inflation or will inflation spread to other sectors of the economy?

Bloomberg - China's Inflation Surges to 8.7% as Food Prices Soar
Kenneth Rogoff - China may yet be economy to lose sleep over
New York Time - China to Focus on Reducing Inflation, Prime Minister Says
Caijing - Taming Inflation
Societe Generale - China’s policy challenges come to the fore at the National People’s Congress