Related News
China October inflation forecast at 1.5 pct
Online Edition
CHINA'S Consumer Price Index (CPI) in October is likely to increase 1.5 percent from the same month's figure last year, slightly less than the 1.6 percent recorded in September, according to an industry report.
The official CPI for October is due to be released by the National Bureau of Statistics (NBS) on the coming Tuesday.
Annual CPI growth will be around 1.4 percent to 1.6 percent, well below the 3-percent target, said Lian Ping, chief economist with the Bank of Communications, in a report.
The report attributed slowing inflation to falling food prices, which account for around one-third of the CPI calculation, especially falling pork, vegetable and egg prices.
Since 2015, pork prices had been driven up as a result of a decline in the number of pigs being bred. Low prices last year and the rising price of feed had made pig farmers less willing to raise pigs.
Starting from September this year, pork prices have been falling as the country put pork reserve on to the market to stabilize prices.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
