China's annual inflation rate rose to 8.5 per cent in April, and was once again officially blamed on higher food, power and raw material prices, state media reports.
The April inflation rate was up by 0.2 per cent on March despite the
commitment of the Chinese government to control prices. Food prices
increased more than 22 per cent, while power, fuel and raw material
prices rose almost 12 per cent compared to the same 2007 period.
The government said it is likely that inflation will remain high this
year, but it has made clear its intentions to take "appropriate
measures." Inflation has become its top priority, following official
comments that China is determined to "target inflation over growth and employment".
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