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News Link • China

Inflation Climbs in China on Higher Food Prices

• NY Times
Inflation in China accelerated last month to its fastest pace in three years, with consumer prices up 6.5 percent from a year earlier mainly as a result of rising food prices.

Further price increases could be on the way. The National Bureau of Statistics announced in Beijing on Tuesday morning that producer prices, which are primarily wholesale prices measured at the factory gate, were 7.5 percent higher in July than a year ago.


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