Chinese inflation eases from 11-year high
Chinese inflation fell slightly in September to 6.2%, after hitting an 11-year high of 6.5% in August.
In an interview with Xinhua, the state-owned news agency, on Thursday, Zhu Zhixin, the deputy director of the National Development and Reform Commission, which publishes the inflation statistic, predicted that grain prices would stabilise after this summer's bumper harvest.
But Zhu warned that food prices, the main cause of inflation, could continue to rise in spite of this fall.
The National
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