China’s consumer inflation hits two-year high

China’s consumer inflation hits two-year high

Consumer prices in China grew 2.5% year-on-year in June, beating economists’ expectations of a 2.4% gain, the National Bureau of Statistics data revealed on Saturday. The released numbers demonstrate the strongest pace in two years and compare with 2.1% growth recorded in May. In June, food prices grew by 2.9% from a year earlier, while…

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