China's April CPI to stay above 5 pct: survey

08:38, May 10, 2011      

Email | Print | Subscribe | Comments | Forum 

China's consumer price index (CPI), a main gauge of inflation, may stay at a high level and rise 5.15 percent year on year in April, according to a survey released Monday by Xinhua08, a financial trading system established by Xinhua News Agency.

The pace might be slower than March's 5.4 percent, a 32-month high, but still higher than the first quarter CPI growth of five percent, said the forecast, which was calculated according to estimations of research institutions and economists.

The survey estimated that the April producer price index (PPI), a main gauge of inflation at the wholesale level, would rise 7.2 percent from one year earlier, down from 7.3 percent in March.

Tang Jianwei, a senior economist with the Bank of Communications, said despite declines in food prices last month, rising non-food product prices and strong carryover effects will push the April CPI above five percent.

Responses from the Industrial Bank said food prices might drop by one percent in April from one month ago, but non-food prices would still climb month on month due to hikes in fuel prices and bank interest rates.

The CITIC Securities estimated that decreasing food prices would bring the April CPI slightly down by 0.2 percent month on month.

The National Bureau of Statistics is schedule to release major economic data for April on Wednesday.

The Chinese government has made curbing inflation its priority of this year's economic work and set the annual inflation control target at four percent for 2011.

Source: Xinhua
 
 
     
 
BRICS Leaders Meeting 2011
 
Japan in aftershocks
 
     
 
 
 
  Weekly review  
 
May 05   Fight against terrorism should strike at roots
 
April 29   'Human rights overriding sovereignty' only a mask of hegemony
May 04   Human rights dialogues need mutual understanding
May 03   Highlights of China's sixth national census results
May 07   The week in pictures
May 03   Expats seeking opportunities in China
May 04   Some Chinese colleges face decreasing enrollment, struggle to survive
May 05   French leader: China's peaceful rise puts world at ease
April 29   Ten most valuable cultural relics displayed at Xi'an exposition park
May 03   US kills Bin Laden, ending 10-year manhunt
 
     
 
 

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Al-Qaeda leader Osama bin Laden dead
  • BRICS Leaders' Meeting 2011
Major headlines
Editor's Pick
  • China's 7th naval escort squad returns home from Somali waters
  • Fashion show promotes soft image of Pakistan's Peshawar
  • Parts of Chinese National Library ready for reconstruction
  • Funeral held for victims in Cairo's Coptic church clashes
  • Israel slates 1 bln USD for Iron Dome rocket interceptors
  • Victory Day military parade held on Red Square
Hot Forum Dicussion