CORRECT: China’s April consumer price index rises 8.5%

HONG KONG (MarketWatch) — China’s consumer price index accelerated to 8.5% in April from the year-ago month, Chinese state media reported on Monday, raising fears of further monetary policy tightening by the country’s central bank. The monthly inflation measure compares with an 8.3% year-on-year increase in March and a nearly 12-year high of 8.7% in February. Shanghai-listed shares extended their decline on the data, with the Shanghai Composite index recently down 2.2% at 3,534.19.
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Original post by Forextvblog

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