Wednesday, September 17, 2014

China’s inflation leaps to 6-month high

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Saturday, January 12, 2013, 16:42
This news item was posted in Business category and has 0 Comments so far.

China’s inflation rised to a six-month high in December after a very cold winter pushed up vegetable rates, possibly complicating efforts to maintain a unstable economic recovery.

Consumer prices rose 2.5 % over a year earlier, up from November’s 2 % and the quickest rise since June, the National Bureau of Statistics reported. That was driven by a 14.8 % leap in vegetable rates after the very coldest winter in 7 years led to smaller harvests.

The figures bureau said vegetable rates in some locations rose as much as 40.8 %.

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