| China's consumer price index (CPI) increase is unlikely to surpass 3.5% in 2010. As reported by Dow Jones International News, the National Bureau of Statistics' chief economist stated that the inflation rate is not expected to slow hastily in 2011. He further added that an inflation rate of 3%-5% for the country is regular as long as gross domestic product is growing around 10%. The country's inflation was recorded at 5.1% in November 2010, but Yao said the inflation rate was below average, as the average annual CPI rise over more than 30 years was 5.6%. |
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