China says October inflation 6.5 percent

China’s consumer prices rose sharply in October, tying a decade-high monthly inflation rate of 6.5 percent, the government reported Tuesday, adding to pressure for measures to cool a politically sensitive surge in food prices. Food prices jumped 17.6 percent in October over the same month last year, while the price of pork, China’s staple meat, soared 54.9 percent, according to the National Bureau of Statistics. Full Story

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