CPI hits 6.4 percent in June
By Chen Jia | China Daily | Updated: 2011-07-10 07:52
BEIJING - China's inflation in June has jumped to its highest level in three years, a higher-than-expected rise fueled by escalating food prices that challenged the government's recent efforts to tighten monetary policies.
However, many economists believed that the growth of the consumer price index (CPI), a core economic indicator, is likely to slow down in the second half of this year.
The CPI surged to a new peak of 6.4 percent year-on-year in June, compared with a 5.5 percent growth in May, higher than the 6.2 rise predicted by economists, according to the figures released by the National Bureau of Statistics (NBS) on its website on Saturday.
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