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China's inflation rebounds in January to 4.5 pct
The People's Bank of China eased lending curbs in December to promote growth in the slowing economy. But the unexpected jump in the cost of living could make the central bank wary of carrying out further steps to loosen credit.
09 Feb 2012, 10:31 AM IST 
Irate passengers at a closed Kingfisher Airlines counter, Mumbai airport - Source: AP
China's inflation rebounded in January, adding to pressure on the communist government to control surging living costs.Data on Thursday showed consumer prices rose 4.5 percent in January, up from December's 4.1 percent rise. Food prices rose 10.5 percent.The new acceleration in price rises came after a monthslong decline from July's 37-month high of 6.5 percent. It defied forecasts by analysts who expect inflation to decline steadily...
