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Chinese inflation eases to 29-month low


Chinese inflation eases to 29-month low


The Chinese have seen inflation ease with the country’s price index, a main gauge of inflation, rising 2.2 percent.

It is the lowest rise since January 2010 reported the National Bureau of Statistics.

Analysts said lower food prices were the main driver of the slowing inflation adding it gives policymakers more room to spur economic growth.

The price of pork, one of the biggest contributors to skyrocketing inflation last year, fell 12.2% from 2011.

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