Retail in Asia

In Markets

China inflation growth dims hopes of interest rate cut

China’s inflation rate grew more-than-forecast in March as higher fuel and food costs pushed up consumer prices.

Consumer prices grew by 3.6 percent in March from a year earlier, up from 3.2 percent in February. Analysts had forecast an increase of 3.3 percent.

Premier Wen Jiabao has cited inflation is one of China’s main economic worries and has set a target of 4 percent for 2012.

(Source: BBC News)