Costlier food boosts Chinese inflation

2012-02-09 15

China's inflation rate spiked in January after having fallen for the previous five months.

It was up by 4.5 percent from January last year due to a jump in spending during the Chinese Lunar New Year holiday season.

Food prices, which make up a third of China's consumer price index, surged 10.5 percent from a year earlier.

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