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People's Daily Online>>China Business

November inflation seen falling below 5%

By Wang Yanlin (Shanghai Daily)

19:37, December 06, 2011

CHINA'S inflation growth may fall below 5 percent in November thanks to less expensive food costs and a higher comparative base, analysts said.

Some analysts predicted the consumer price index, a main gauge of inflation, might expand at a rate as low as 4.2 percent annually in November.

Such a rate will cement an inflationary downtrend that reached 5.5 percent in October after 6.1 percent in September -- down from July's 6.5 percent, which was a 37-month high.

The National Bureau of Statistics is set to unveil November's inflation figure, as well as a batch of other key economic data, on Friday.

Lu Zhengwei, an economist at Industrial Bank who projected a rate of between 4.2 percent and 4.4 percent, said slower growth in food costs was a major factor dragging down the overall inflation index in November.

"Ample supply of food, especially vegetables, contributed to a weakening price-rising process," Lu said, noting inflation will no longer be the government priority next year because of its tamed pace.

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