From China Daily:
Consumer inflation in China jumped to the highest level in nearly 11 years in August as food prices continue to surge, raising the possibility for another interest rate hike.
The Consumer Price Index (CPI), a barometer of inflation, rose 6.5 percent year-on-year in August after a 5.6 percent increase in the previous month, the National Bureau of Statistics said Tuesday in a statement on its website.
The growth beats the six-percent expectation most economists had, and is well above the official target of three percent for the whole year. [Full Text]
Read also Producers’ Price Index (PPI) for Manufactured Goods Kept Surging in August by National Bureau of Statistics of China.
