China's inflation rises steeply

China's inflation rose at the quickest rate for over 11 years after the worst blizzard in half a century disrupted the country's food supplies, paralysing transport and destroying crops.

Consumer prices were up in January by 7.1% from a year earlier, after rising 6.5% in December. Observers expect another rise in inflation this month, possibly even to double digit levels.

The price of pork was worst hit, climbing by 59%, while edible oil was up by 14% and non-food prices rose by 1.5%. The yen

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