China's November CPI to reach 4.7 pct, bank report says

来源：百度文库 编辑：神马文学网 时间：2024/04/30 08:53:53

China's November CPI to reach 4.7 pct, bank report says

08:17, December 01, 2010      

Email | Print | Subscribe | Comments | Forum 

Increases the bookmark twitter facebook digg Google Windowslive Delicious buzz friendfeed Linkedin diigo reddit stumbleupon

China's consumer price index (CPI), the main gauge of inflation, is likely to accelerate from October's 4.4 percent to reach 4.7 percent in November, a report issued by the Bank of Communications said Tuesday.

The increase has mainly been fueled by rising food prices, which have begun to decline since the mid-November as the government adopted a number of anti-inflation measures, the report said.

It is predicted that December's CPI figure would slow from November, and the nation's CPI in 2010 would stand at 3.2 percent, exceeding the annual target of 3 percent.

Additionally, upward pressure is still expected on commodities prices in the first quarter of next year, as the Spring Festival holidays are expected to boost demand and chilly weather might harm the production and transportation of agricultural products, the report said.

The report predicted that the momentum of price hikes would be effectively curbed after the second quarter of 2011, as a result of multiple government measures to stabilize prices.

The Chinese government has enacted a series of measures to combat price hikes, ranging from boosting agricultural production, clamping down on farm produce speculation and tightening hefty liquidity.

Source: XinhuaRelated Reading

  • Return to normality for PBOC

  • Central government plans to set CPI rise limit to 4%

  • High CPI may prompt rush for property

  • China's CPI growth to slow in next two months, bank report says

  • CPI hits new high with 4.4% increase

  • Official: Excessive liquidity fueled price hike

  • Consumer prices rise 4.4%, yuan hits record high

  • October CPI soaring 4.4 percent: Statistics

  • China' s 2010 CPI to exceed annual target of 3 pct, NDRC official forecasts

  • China's inflation rate to hit 4 percent in 2011

    • EU, China sign agreement on disaster risk management

    • China urges constructive moves to push forward Mideast peace talks

    • 41 students injured in Xinjiang school stampede

    • Interview: Kenyan VP hails China's help to Africa in infrastructure development

    • Early snow in north China triggers herdsmen's living concerns

    • Residents evacuated after underwater tunnel caves in in central China

    • China Unicom to lock iPhones of contract breakers

    • Campaign to target HIV/AIDS risk groups

    • China urges relevant States to speed up chemical weapons destruction

    • China urges constructive moves to push forward Mideast peace talks

      • In battle against AIDS, we are fighting together

      • The real China & the real world

      • Poll: Korean Peninsula crisis in your eyes

      • The rise of Chinese railway diplomacy

      • Focus on China-India border talks

      • Rising rents force some Chinese to live like rats

      • Boss fired herself to spare jobs of staff

  • Do you have anything to say?
China's November CPI to reach 4.7 pct, bank report says Central bank: slower growth conducive to China's economy Ban says China will reach MDG targets China's CPI likely to peak in August: economist China's October CPI growth rises to 25-month high China to lead global innovation: report Quake Toll Rises; China Struggles to Reach Victims Quake Toll Rises; China Struggles to Reach Victims China to boost cooperation with World Bank: vice premier Obama says China's growth is "good for" U.S. Wen says China committed to advancing ties with EU China to continue close cooperation with UN, says FM China's economy doing well: World Bank VP Report: China to bid for California high-speed train Premier says China's development affects no other countries Wage increase in China to be pegged to CPI China's listed banks first-half net profit up 46 pct China says people-to-people exchanges with Japan important to bilateral ties BBC NEWS | World | Asia-Pacific | China‘s reach for the stars China's trade surplus likely to shrink China's import drive to be launched China's president reaffirms support to UN Highlights of Jia Qinglin's work report of China's top political advisory body 明星分析师看跌中国银行业 China’s star bank analyst is getting more bearish