Sunday, February 12, 2012

China's January inflation of 4.5% higher than expected

Business Times: Fri, Feb 10
CHINA's annual inflation in January hit a surprising 4.5 per cent, though analysts say the downward trend of the preceeding five months will continue as soon as this month.

The Consumer Price Index's (CPI) rebound last month was mainly due to typically increased spending ahead of Chinese New Year. Still, most analysts had factored in only a 4.3 per cent increase for that...

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