Consumer price inflation in China in August has increased the fastest pace in nearly two years because of heavy floods and unusually hot weather has destroyed crops, soaring food prices .
National Statistics Office of China (NBS) said the consumer price index rose 3.5% nationwide last month, compared with 3.3% in July, marking the 10th month increase joint next.
This is the highest level since June 10/2008 - peak period of the global financial crisis as consumer prices up 4% - higher than the annual target of 3% of the government. In August, food prices, key components of the consumer price index, rose 7.5% over the same period last year.
The official data published by NBS showed China continued to grow strongly in August and growth of the second-largest economy this world has not slowed as many feared before.
Sheng Laiyun, NBS spokesman, was to alleviate concerns about inflation as to believe that a number of factors "to fire" for inflation but also the factors hindering more. He said the target to keep inflation at 3% of the government is able to achieve.
Policy makers have adopted a series of measures this year to deal with escalating property prices and bank loan hot, before concerns about the bubble in housing prices will derail burst oriented economies.
China's central bank said new loans increased slightly in August to 545.2 billion yuan (80.5 billion dollars), compared with 532.8 billion yuan in July.
However, analysts also think that this is not enough force policy makers to raise interest rates soon. They drive up food prices that recently only temporarily, so that inflation will decrease late.
Pen Peng economist of Beijing-based Citigroup said: "Inflation is a moderate 3.5% should not lead to increased growth rate in the current period."
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