China Holiday Inflation Pickup May Limit Easing Room: Economy
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China’s inflation unexpectedly accelerated in January on the boost to spending from a weeklong holiday, limiting room for monetary easing as Europe’s debt crisis damps exports and the property market cools.
Consumer prices rose 4.5 percent from a year earlier, the National Bureau of Statistics said on its website today. That was more than all 33 forecasts in a Bloomberg News survey of economists and a median of 4 percent.