Jump to content
House Price Crash Forum
Sign in to follow this  
ollie plimsolls

Chinese Inflation At Two-year High

Recommended Posts

The Times

Surging food prices in China sent the headline inflation rate in the powerhouse Asian economy soaring last month to its highest for more than two years, official figures showed yesterday.

The latest jump in Chinese inflation, to an annual rate of 3.4 per cent in May, up from 3 per cent in April to the highest for 27 months, reinforced economists’ expectations that the country’s central bank would raise interest rates again soon.

Fears of higher interest rates sparked by the inflation data triggered another sharp fall in the volatile Shanghai stock market in morning trading. However, share prices quickly rebounded to close 1.9 per cent higher – and more than 10 per cent up from Monday of last week.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.