BEIJING, Jun (Reuters) – China's inflation rate may accelerate to more than 6 percent year-on-year in June, which could bring the full-year consumer price index for 2011 to as high as 5 percent, a government researcher said in remarks reported on Sunday.
Zhang Zhuoyuan, an economist at the Chinese Academy of Social Sciences, a top government think tank in Beijing, said taming inflation would remain the priority in coming months. He called for faster steps to push real interest rates into positive territory and douse price pressures.
via news.yahoo.com
