New Year inflation jumps higher than estimated
By Chen Jia and Wang Ying | China Daily | Updated: 2012-02-10 08:04
Rate hits 4.5% after food prices soar during Spring Festival
BEIJING / SHANGHAI - The inflation rate hit an unexpected three-month high in January as consumers increased spending during the Chinese New Year holiday.
The rate may deter policymakers from further loosening monetary policy, analysts said.
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