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Hong Kong (CNN Business)The coronavirus outbreak is driving up the cost of food — and almost everything else in China — adding to the pressure on household budgets. China’s consumer price inflation hit 5.4% in January, according to the country’s National Bureau of Statistics on Monday. Prices rose last month at their fastest rate since October 2011, when China was battling to control months of soaring inflation. Food, which makes up nearly a third of spending by Chinese consumers, […]

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