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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 9 July 2013 [View all]xchrom
(108,903 posts)14. China's inflation rate rises to 2.7%
http://www.bbc.co.uk/news/business-23238024
China's inflation rate rose by more than expected in June, increasing to 2.7% from 2.1% the month before.
Food price inflation was 4.9% in June, compared with 3.2% in May, with rising pork prices partly to blame.
While the headline inflation number was above analysts' expectations, it remains below the government's target figure of 3.5%.
Analysts say the latest figure reduces the prospect of interest rate cuts in 2013.
China's inflation rate rose by more than expected in June, increasing to 2.7% from 2.1% the month before.
Food price inflation was 4.9% in June, compared with 3.2% in May, with rising pork prices partly to blame.
While the headline inflation number was above analysts' expectations, it remains below the government's target figure of 3.5%.
Analysts say the latest figure reduces the prospect of interest rate cuts in 2013.
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You probably have me on ignore, but I'm going to say this anyway. There were several ways to handle
A HERETIC I AM
Jul 2013
#46