China may post 4% inflation in December
By Wang Yanlin |
January 7, 2012, Saturday
|
Print Edition
Print Edition
CHINA may see 4 percent inflation in December, according to analysts.
They predicted that China's Consumer Price Index in December may rise to 4 percent from a year earlier, slowing from 4.2 percent in November, which was a 14-month low.
The government set the target of curbing inflation of the whole year at 4 percent at the beginning of last year.
In the first 11 months of last year, China's CPI rose 5.5 percent year on year, hitting a 37-month high of 6.5 percent in July.
"Thanks to less expensive food and a higher comparative base, inflation growth may have moderated in December," said Tang Jianwei, an analyst at Bank of Communications, who predicted a rate of 4 percent.
Guotai Junan Securities Co said in a note that it also projected inflation to grow to 4 percent. But other financial institutions, including Industrial Bank, China International Capital Corp Ltd and Everbright Securities Co, said December's inflation may remain at 4.2 percent because of rising demand in the run-up to New Year and the week-long Spring Festival holiday which starts on January 22.
The National Bureau of Statistics said yesterday it will release December consumer and producer price data next Thursday and will hold a briefing on the 2011 gross domestic product on January 17.
With inflationary pressure easing economists hope monetary policies may loosen despite the government's decision to exercise prudence this year.
They predicted that China's Consumer Price Index in December may rise to 4 percent from a year earlier, slowing from 4.2 percent in November, which was a 14-month low.
The government set the target of curbing inflation of the whole year at 4 percent at the beginning of last year.
In the first 11 months of last year, China's CPI rose 5.5 percent year on year, hitting a 37-month high of 6.5 percent in July.
"Thanks to less expensive food and a higher comparative base, inflation growth may have moderated in December," said Tang Jianwei, an analyst at Bank of Communications, who predicted a rate of 4 percent.
Guotai Junan Securities Co said in a note that it also projected inflation to grow to 4 percent. But other financial institutions, including Industrial Bank, China International Capital Corp Ltd and Everbright Securities Co, said December's inflation may remain at 4.2 percent because of rising demand in the run-up to New Year and the week-long Spring Festival holiday which starts on January 22.
The National Bureau of Statistics said yesterday it will release December consumer and producer price data next Thursday and will hold a briefing on the 2011 gross domestic product on January 17.
With inflationary pressure easing economists hope monetary policies may loosen despite the government's decision to exercise prudence this year.
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