China's inflation rate quickens in July – BBC
Economy
14:56 09/08/2011

China's inflation rate quickens in July – BBC

Inflation in China was higher than expected in July, despite a series of efforts by the government to rein in prices, BBC said.

Consumer prices in July rose 6.5% compared with the same month last year, the National Bureau of Statistics said.

The rise comes even as China's central bank has raised interest rates five times since October 2010 in a bid to control prices.

Rising consumer prices have become a hot political issue in China.

 

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China's inflation rate quickens in July – BBC