Latest News:  
Beijing   Sunny    2 / -8   City Forecast

People's Daily Online>>China Business

Fewer Chinese expect consumer prices to rise as inflation eases

(Xinhua)

14:44, December 22, 2011

BEIJING, Dec. 22 (Xinhua) -- Expectations from the Chinese public have lessened in the fourth quarter for consumer prices to continue to register high growth in the first quarter of next year, according to survey results released Thursday by the nation's central bank.

Nearly 37 percent of the 20,000 residents surveyed in 50 cities predicted inflation to heighten in the following quarter, down 12.8 percent compared to the third quarter, the People's Bank of China, the central bank said in the survey.

However, a majority of the residents, 68.7 percent, still believe that current consumer prices are too high. The percentage dropped 3.2 percentage points compared to the third quarter.

Only 29.6 percent think current prices are acceptable, with the percentage up 3.2 percentage points compared to the previous quarter.

After a slew of tightening measures by the government this year, including six hikes of banks' reserve requirement ratio and three raises of interest rates, the consumer price index, the main gauge of inflation, eased to 4.2 percent in November from 6.5 percent in July, which at that time was the highest in three years.

 
 
 
 
We Recommend
 
 
 

Email|Print|Comments(Editor:陈乐乐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Fire-fighting recruits of Shanxi in training

  2. Largest 'comfort station' in Asia crumbling

  3. Red lanterns adorn historic commercial area

  4. Jiaxiang Wu Family Shrines Stone Carving

Most Popular

Opinions

  1. Euro depreciation affects Asian manufacturing
  2. To whom does Pacific Century belong?
  3. US media hypes 'cyber Cold War'
  4. Farmers find city life unfair: report
  5. Soccer bribe trials chance to clean up sport's legacy
  6. Euro zone makes progress in systemic reforms
  7. Weibo regulations a step on the right path
  8. Real names on Weibo points to progress
  9. China's foreign policy not a matter of tough vs. soft
  10. Growth moderation not "bad thing" for China

What's happening in China

Jiaxiang Wu Family Shrines Stone Carving

  1. US solar firms against China duties
  2. Taobao remains on US market 'blacklist'
  3. Lenovo unveils Ultrabook sub-brand
  4. Chinese rush overseas for Spring Festival
  5. PBOC stresses stable growth

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival