Wednesday, September 10, 2008

Chinese Inflation Falls Sharply

Inflation in China dropped sharply in August for the fourth month in a row.

Consumer price inflation was 4.9 per cent last month, down from 6.3 per cent in July, according to China's National Bureau of Statistics. In February, China's inflation had hit a 12-year high of 8.7%. -EPJ Newsdesk

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