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Inflation reaches 3-yr high at 6.5%

By Li Xiang | China Daily | Updated: 2011-08-10 07:54

Turmoil in global financial markets may delay further rate increases

BEIJING - China's inflation rate hit a three-year high in July, posing challenges to policymakers amid turmoil in the global financial markets.

Inflation reaches 3-yr high at 6.5%

The consumer price index (CPI), a key gauge of inflation, rose 6.5 percent in July year-on-year, driven mainly by soaring food prices which climbed 14.8 percent from a year earlier, the National Bureau of Statistics (NBS) said on Tuesday.

Inflation reaches 3-yr high at 6.5%

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