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Inflation Heats Up in China
Consumer prices in China grew 3.6% in March compared with a year earlier as food and fuel prices jumped, the country's National Bureau of Statistics says.
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Consumer prices in China grew 3.6% in March compared with a year earlier as food and fuel prices jumped, the country's National Bureau of Statistics says.
The Chinese government has set a 4% inflation target for 2012. But economists worry that continued price increases could exceed that limit. They say higher inflation would probably cause Beijing to back away from efforts to ease the country's interest rates, thereby dampening economic growth.
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