China inflation ticks higher as food prices rise
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Chinese consumer inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
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Rising petrol and food costs push the price inflation of goods leaving UK factories to a new 16-year high.
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China's inflation rate in August was 5.3 percent year-on-year, matching July's figure as food prices continued to soar, official data showed.
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Consumer prices in China unexpectedly rose more slowly in October than in any month since April, as a bountiful harvest led to less-rapid increases in food prices.
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Rising prices are causing Chinese companies to raise prices for exports, particularly on one critical commodity: pork.
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India's inflation rate rose above eight percent, its highest level in over three and a half years, on the back of an uptick in food and fuel prices, government data showed.
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Chinese consumer inflation reached 7.1% in January, the highest rate for 11 years, official figures show.
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China&#39;s central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development
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BEIJING (Dow Jones)--China raised interest rates Thursday for the first time in more than nine years, escalating its battle to tame feverish economic growth but immediately
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China's central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development and an intent to curb fears of runaway inflation.
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China raised its benchmark interest rates on Thursday for the sixth time this year, the latest in a series of tightening steps to contain inflation and prevent the world's fourth-largest economy from overheating.
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Consumer inflation surged by the largest amount in more than two years in November, led by gasoline prices. The cost of clothing, airline tickets and prescription drugs also jumped.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns
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China on Sunday took aim at price manipulators and hoarders of goods, as Beijing ramped up its campaign to rein in inflation which is running at its highest level in more than a decade.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in its boldest move yet to guide its heated economy to a path of slower growth.
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Every time Vietnamese factory worker Nguyen Thi Ha goes to the supermarket, she finds that prices on the shelves have climbed, evidence of a country facing its highest inflation rate in more than a decade.
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China sought on Thursday to reassure the public about rising food prices and growing safety concerns ahead of the traditional Spring Festival, saying supplies were stable and regularly checked for quality.