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China's inflation continues as CPI hits 4.5% in Jan.

(People's Daily Online)

09:53, February 09, 2012

China's inflation averted the declining trend since September 2011 and rebounded to a three-month high in the first month of 2012. Food prices were the top source of the pressure due to the surging demand for the Spring Festival, the most important festival in China.

The consumer price index (CPI), a main gauge of inflation, increased by 4.5 percent year-on-year in January. Previously most analysts put it between 4.1 and 4.2 percent.

Food prices rose 10.5 percent from one year earlier and contributed to 3.29 percentage points in January's CPI rise, according to data released by the National Bureau of Statistics (NBS) on Thursday.


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