China's inflation to hit 4% last month

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Source: China.org.cn

China's inflation is expected to rise to 4% last month on a yearly basis, driven by increased food prices during the forthcoming festival season. Inflation rate is expected to hit 4.1% in December on an annual basis, said Chu Jianfang, chief economist with CITIC Securities. China's CPI for the full 2011 is projected to jump to 5.4%, being above the target of 4%.

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