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China August inflation ticks up to 2 percent, room for easing narrows
Sep 9th 2012, 03:43

By Langi Chiang and Nick Edwards BEIJING (Reuters) - China's annual rate of consumer inflation ticked up to 2.0 percent in August from July's 30-month low of 1.8 percent, official data showed on Sunday, suggesting that room to ease monetary policy to shore up growth may be narrowing. Economists polled by Reuters had forecast inflation to pick up to 2.0 percent in August. Month on month, however, inflation was a touch ahead of forecasts, up 0.6 percent in August versus July. Analysts had anticipated a rise of 0.5 percent. Food inflation was up 3.4 percent on a year ago while non-food prices rose 1.4 percent. "Inflation is coming back quickly. Together with rising home prices, it will limit...

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