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Living Cost Mounts in China

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Food prices, which account for one-third of weight in calculating the CPI in China, climbed 10.1 percent in October, pushing the CPI to reach a 25-month high of 4.4 percent in October.

"China needs to do more to keep this year's inflation under the target ceiling," said Sheng Laiyun, spokesman with the National Bureau of Statistics, Thursday when announcing the October CPI figures.

Pressure for further price increases were mounting, while the quantitative easing policy adopted by the U.S. would fuel inflation expectations within China, said analysts.

"The price cannot drop in a short while," said Cao Xinru, "The living pressure seems to be more real to me. I need to make a shopping plan for myself this winter."

(Xinhua News Agency November 11, 2010)

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