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Title: Chinese inflation on the rise Source: Forbes Extract date: 6 September, 2007 Word count: 682 Date Published: 15.08.07 Section/s the article refers to: 3 Macroeconomics. Market Scan Chinese Inflation On The Rise Vivian Wai-yin Kwok, 08.15.07, 5:16 AM ET With prices soaring more than expected in July, a number of investment banks now believe China may see inflation rise as high as 6.5% by the middle of next year. China reported Monday a 5.6% rise in the consumer price index in July, the highest growth in the past decade, surpassing the consensus forecast of 4.6%, thanks to a 15.4% jump in food prices. Given flooding in southern China and drought in the north, in addition to the loss of a sizable number of hogs to blue ear disease, Credit Suisse anticipates food supplies will remain constrained, putting more upward pressure on prices. Since China currently assigns foodstuffs a weight of 34% in its consumer price index, rising food...

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