China's inflation at 29-month low

Monday, 09 July 2012 17:47
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China’s Consumer Price Index (CPI), a main measurement of rising cost of living, has reduced to a 29-month lower influenced by dropping food items rates, leaving the government ample room to bring in more pro-growth steps to improve the reducing Chinese economy.

The CPI grew 2.2 % yr on yr in June, significantely slow rate since January 2010, the National Bureau of Statistics (NBS) declared Monday.

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