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China inflation slows on lower food prices

Chinese inflation slowed in November, giving the government more room to push ahead with its slate of financial reforms.

The consumer price index rose 3 per cent year-on-year, down from its 3.2 per cent pace in October and comfortably below the official 3.5 per cent target for 2013.

A drop in food prices from a month earlier was the main source of downward pressure on inflation in November.

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