China’s Consumer Inflation Could Soon Surpass 3%, CICC Says

The global inflation wave that largely bypassed the world’s second-largest economy may be hitting prices there after all.

China’s consumer price index has risen rapidly in the last few months and is about to exceed 3% from a year ago, according to analysts at China International Capital Corp. That would surpass the government’s target of about 3% for the year, creating a challenge for authorities already trying to balance a fragile economic recovery.