CONSUMER price inflation in China accelerated to the highest level in more than 10 years as food prices continue to rise, official figures released yesterday showed, raising the possibility for the fourth interest rate hike this year.
The Consumer Price Index (CPI), a barometer of inflation, grew 5.6% in July, after a 4.4% rise in the previous month and a 3.2% increase for the first six months, the National Bureau of Statistics said in a statement on its website.
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