Inflation Rate in China Will Drop with Food Prices
May 29th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe inflation rate in China is still the country’s main economic worry. But don’t expect much in the way of monetary policy from China to curb inflation, according to a report by Thomson Reuters.
Although inflation is skirting a 12-year high, it has been in the mid-8 percent range for a few months, and Beijing thinks salvation may be at hand with food prices on the wane.