::Will China Inflation Reaches 5%>

BEIJING newsecoinfo Reported- China's consumer prices rose sharply again in February, where the Chinese government is making efforts to reduce inflation in the midst of riots that resulted in a lack of fuel.
Quoted from AFP on Saturday (03/12/2011), inflation in China in February was recorded 4.9 percent, exceeding analysts' estimates and above the analysts and the government target.

Galaxy Securities economist of Beijing, Zhang Xintfa revealed that inflation in China will rise above five per cent next month. This is because of chaos in the Middle East and high oil costs will still be pushed higher inflation.
"Inflation next month will rise above five per cent given the turmoil in the Middle East and high oil prices are still going to push inflation higher," he said.

China's central bank governor Zhou Xiaochuan said if inflation is currently relatively stable. Although this inflation at some point, relatively high.
For information, for non-food inflation in February was 2.3 percent in China is relatively low. But analysts say price pressures will tend to spread to high food prices, producer prices rose 7.2 percent, it showed consumers would face higher prices. (newsecoinfo)