China 'exporting' inflation - analysts

The long period of China exerting a major 'dis-inflationary' influence on the global economy appears to be over, with prices in China having risen at their fastest rate for 11 years in January. Food prices alone were up 18pc on a year earlier, with much of the rise attributed the adverse winter weather that damaged crops and killed livestock. Analysts warned that adverse weather was not the only reason for inflation in China having accelerated. Stephen Lewis, economist at Insinger de Beaufort, said there were clear signs that price rises were apparent across the economy, and that this...