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BEIJING, Feb. 3 (Xinhua) -- Despite rising food and oil prices, China's inflation growth will likely moderate in January due to a high base a year ago,
the Bank of Communications said in a report.
BOCOM predicted the consumer price index (CPI), a main gauge of inflation, will inch down to 1.4 percent year on year in January from the 1.8 percent
growth in the previous month.
Food prices saw marked growth from a month ago as rain and snow across the country dampened the output of vegetables and other farm produce, according to
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Meanwhile#7# price spikes in domestic refined oil drove up the CPI's non-food sub-index as global crude prices hit the highest level in nearly three years
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