China's monthly CPI rebounds to 8.5% (May 12)

BEIJING, May 12 (Xinhua) -- China's consumer price index (CPI), the main gauge of inflation, rose 8.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said on Monday.

The figure, compared with 8.3 percent in March and a nearly 12-year-high of 8.7 percent in February, was broadly in line with most forecasts.

The NBS attributed the figure to a low base of comparison: the CPI rose just 3 percent in April 2007. Another factor was the rapid increase in world grain and commodity prices.

For more reading: http://news.xinhuanet.com/english/2008-05/12/content_8149870.htm


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- China's monthly CPI rebounds to 8.5% (May 12)

- China's mobile phone users hit 574 mln by March (Apr 26)

- China 3G permits may take up to 2 more years (Apr 22)

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