Low Inflation Sets the Tone for Easing

Prices in China were up only marginally from last month, giving Beijing room to further loosen the reins by rising home prices are a worry.

 

National Bureau of Statistics data showed yesterday that the consumer price index, a key gauge of inflation, climbed 1.9% in September from a year earlier, slower than the 2% gain in August.

 

Food inflation climbed 2.5% last month from a year earlier, but rose only 0.2% from August.

 

~ SCMP, October 16, 2012~

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