Inflation surges to 10-yr high
By Xin Zhiming | China Daily | Updated: 2007-08-14 06:50
Surging food prices drove the consumer price index (CPI) to 5.6 percent in July - the highest in a decade - the National Bureau of Statistics (NBS) said yesterday.
But analysts remained confident that it will ease by the year end.
Food prices, which make up about a third of the inflation basket, rose 15.4 percent year on year last month.
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