China's inflation rate quickens in July as prices rise

Inflation in China was going to higher than expected in July, despite a series of efforts by the government to rein in prices.

Consumer prices of goods in July rose 6.5% compared with the same month last year, the National Bureau of Statistics said.
The rise comes even as China's central bank has increased interest rates five times since October 2010 in a bid to control prices.
Rising consumer prices have become a hot political issue in China.
"There is no doubt inflation is not getting better, given the month-on-month numbers," said Wei Yao of Societe Generale.