China's December Inflation Increases 2.5% on Rising Food Prices

China's inflation rate has increased to a seven-month high in December as the country's food prices shot up due to adverse weather conditions.

Inflation, as measured by the consumer price index (CPI), rose 2.5 percent in December from a year earlier, according to the National Bureau of Statistics. In November, the index rose 2 percent.

Economists polled by Bloomberg were expecting...(Continue Reading)