Tuesday, March 15, 2011

High inflation persisted in China in February

From http://www.ft.com/cms/s/0/96702c28-4b9a-11e0-89d8-00144feab49a.html (in English)

The inflation rate in China rose by 4.9% in February 2011, specially because of the increase on food prices, which were 11% higher from one year earlier and that rose by 0.7% since January. However, China’s central bank governor showed its confidence that the inflation rate will be kept below the target of 4%.

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