China inflation surges August’s 6.5% rate highest in 10 years


  • Business
  • Wednesday, 12 Sep 2007

HONG KONG: China's inflation rate surged to a 10-year high and the trade surplus widened, adding pressure on the central bank to raise borrowing costs for a fifth time since March. 

Consumer prices rose 6.5% in August from a year earlier after gaining 5.6% in July, the statistics bureau said yesterday. 

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