Saturday, December 11, 2010

Inflation in China rises above 5% in November

From http://www.earthtimes.org/articles/news/357642,inflation-hits-28-month-high.html and http://www.chinapost.com.tw/china/business/2010/12/12/283332/Jump-in.htm (in English)

The consumer price index in China rose by 5.1% in November 2010, 0.7% up from the 4.4% of October. Food products have been the main factor for this important increase in inflation, since they grew 11.7% year-on-year. After the increase of interest rates of last October, another one is expected early next year in order to have inflation under control. Other economic indicators of this past November are a 13.3% increase year-on-year in the industrial output and a 18.7% increase year-on-year in retail sales.

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