China’s inflation accelerated in April after house and food prices jumped and bank lending increased.
The news will fuel concerns that the world’s third-largest economy is overheating and that Beijing may need to raise interest rates.
April’s consumer prices were up 2.8% from a year ago, the highest rate in 18 months, and property inflation hit 12.8%, China’s statistics bureau said.
Read the whole article from the BBC.
China's inflation accelerates as house prices soar
China’s inflation accelerated in April after house and food prices jumped and bank lending increased.
The news will fuel concerns that the world’s third-largest economy is overheating and that Beijing may need to raise interest rates.
April’s consumer prices were up 2.8% from a year ago, the highest rate in 18 months, and property inflation hit 12.8%, China’s statistics bureau said.
Read the whole article from the BBC.