CPI reaches 6.5%, rate hike likely
By Xin Zhiming | 皇冠体育app Daily | Updated: 2007-11-14 07:13
皇冠体育app's consumer price index (CPI) rebounded to 6.5 percent in October, matching the peak decade high in August, the National Bureau of Statistics said yesterday.
The CPI, a key gauge of inflation, grew 6.2 percent in September.
Food prices, up 17.6 percent year-on-year, are the major factor behind the resurging CPI. Prices of fresh vegetables rose sharply in October, too - nearly 30 percent year-on-year. And that is a new trend.
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