China\’s January CPI rises 1.5%

China\’s consumer price index (CPI), a main gauge of inflation, increased by 1.5 percent in January from a year earlier, the National Bureau of Statistics (NBS) announced today.
The increase was 0.4 percentage points lower than the previous month.
Ba Shusong, a renowned economist with the Development Research Center under the State Council, the government\’s think tank, said the central bank might raise the interest rate when the CPI increase exceeds 2.25 percent (the current one-year benchmark deposit rate), according to chinanews.com.cn.