China's inflation spike puts mo
neta
ry relaxation in doubt
An unexpected jump in China's inflation rate limits the government's ability to proceed with a widely anticipated loosening of monetary policy. The National Bureau of Statistics said consumer inflation increased 4.5% in January compared with the same month last year.

中国的通货膨胀率意外跳升，限制了政府进行普遍预期货币政策松动的能力。国家统计局说，与去年同月相比，1月消费者通胀增长4.5％。