China’s inflation rate jumps in November

China’s inflation surged to its highest rate in 11 years last month while its trade surplus swelled, the government said Tuesday, adding to pressure for the central bank to raise interest rates and loosen currency controls. Rising food and oil prices lifted November’s consumer price index 6.9 percent from the same period last year, the National Bureau of Statistics said. That is well above the government’s inflation target of 3 percent and was the biggest increase since 1996, according to Xinhua News Agency. Full Story

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