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April CPI growth expected to hit 3.4%

(Global Times)

08:09, May 08, 2012

The growth rate of China's consumer price index (CPI) is expected to reach 3.4 percent in April, according to a survey by China Business News which questioned economists from 25 financial institutions. This predicted figure is lower than the 3.6 percent CPI growth rate recorded by the National Bureau of Statistics (NBS) in March.

All of the economists surveyed believe the CPI will drop after food prices began to fall in April, according to statistics from the Ministry of Commerce and the NBS. The CPI will continue to fall in the next two quarters, before seeing a slight gain in the fourth quarter, experts argue.

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