Monday, June 11, 2007

Inflation in China Probably Accelerated Last Month as Pork Prices Soared

(Bloomberg) -- China's inflation probably
accelerated in May as pork prices soared, increasing the
likelihood that interest rates will be raised.

Consumer prices gained 3.3 percent from a year earlier,
according to the median estimate of 19 economists surveyed by
Bloomberg News. April's inflation rate was 3 percent, matching
the central bank's target for the year. The statistics bureau
will release the figures at 10 a.m. tomorrow.


Read more at Bloomberg Emerging Markets News

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