| Abstract: | China's CPI rose to 8.7 percent in February after hitting 7.1 percent in January,creating a 12-year high,the National Bureau of Statistics said.The figure exceeded market expectations,as the Bank of China,the country's secondlargest lender,had predicted a rise of only 8.3 percent.The Consumer Price Index (CPI)is the main gauge of inflation,andthe high CPI over the last two months has put pressure on the government to take action to curb the price increases,and added even more diffculty to the task of reining in this year's inflation rate. |
