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CPI hits 6.4 percent in June

By Chen Jia | China Daily | Updated: 2011-07-10 07:52

CPI hits 6.4 percent in June

BEIJING - China's inflation in June has jumped to its highest level in three years, a higher-than-expected rise fueled by escalating food prices that challenged the government's recent efforts to tighten monetary policies.

However, many economists believed that the growth of the consumer price index (CPI), a core economic indicator, is likely to slow down in the second half of this year.

The CPI surged to a new peak of 6.4 percent year-on-year in June, compared with a 5.5 percent growth in May, higher than the 6.2 rise predicted by economists, according to the figures released by the National Bureau of Statistics (NBS) on its website on Saturday.

CPI hits 6.4 percent in June

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