CPI Rise May Speed Up To 4.7% In November
Source: Xinhua |
December 1, 2010, Wednesday
|
Print Edition
Print Edition
CHINA'S Consumer Price Index rise is likely to accelerate from October's 4.4 percent to 4.7 percent in November, a report by the Bank of Communications said yesterday.
The increase would be mainly fueled by rising food prices, which have begun to decline since mid-November as the government adopted a number of anti-inflation measures, the report said.
December's CPI growth is forecast to slow from November and the inflation in 2010 would be 3.2 percent, beating the annual target of 3 percent.
Commodity prices are set to rise in the first quarter of 2011.
The increase would be mainly fueled by rising food prices, which have begun to decline since mid-November as the government adopted a number of anti-inflation measures, the report said.
December's CPI growth is forecast to slow from November and the inflation in 2010 would be 3.2 percent, beating the annual target of 3 percent.
Commodity prices are set to rise in the first quarter of 2011.
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