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September 3, 2009

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Home » Business » Economy

CPI to fall by smaller rate in August

CHINA'S Consumer Price Index, an important gauge of inflation, might still decline last month, but the rate of decrease would be smaller than July's, according to a report released yesterday by the Bank of Communications, China's fifth-largest lender.
The CPI would fall by 1.2 percent last month from a year earlier, said the report.
It could be the seventh consecutive month for the CPI to decline since it dropped 1.6 percent in February, but the year-on-year rate of decline last month would be lower than 1.8 percent in July, Tang Jianwei, a senior analyst with Shanghai-based BoCom, said yesterday.
"China's CPI might fall 0.5 percent year on year for the whole of 2009. The CPI will probably rebound to growth next year. It is predicted that the CPI in China will rise 4 percent year on year in 2010," Tang said.
The National Bureau of Statistics is due to release last month's CPI on September 11.


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