China said today its consumer price index hit a three-year high of 6.4% in June, led by a 14.4%...

|By:, SA News Editor

China said today its consumer price index hit a three-year high of 6.4% in June, led by a 14.4% jump in food prices - suggesting Beijing is struggling to keep a lid on prices. Economists, who thought prices would recede in the second half of 2010 (they didn't), remain confident they will this time.