Prices are unacceptable
June 18, 2010, Friday
|
Print Edition
Print Edition
A record number of Chinese said current prices were "too high to be acceptable," according to survey results released yesterday by the People's Bank of China.
The survey, published on the central bank's Website, indicated that 58.9 percent of the respondents, a record high in the past decade, said current prices are too high, while satisfaction with consumer prices fell to 21.7 percent in the second quarter of this year, 4.2 percentage points lower than in the first quarter.
China's Consumer Price Index hit a 19-month high with a 3.1 percent year-on-year rise in May, surpassing the target of 3 percent annual inflation set by the government.
The survey also noted 72.5 percent of the respondents said current home prices were "too high to be acceptable." The percentage began to climb in the second quarter of last year and hit a record high in the second quarter of this year.
Consumers' expectations for further increases in home prices has weakened.
(Xinhua)
The survey, published on the central bank's Website, indicated that 58.9 percent of the respondents, a record high in the past decade, said current prices are too high, while satisfaction with consumer prices fell to 21.7 percent in the second quarter of this year, 4.2 percentage points lower than in the first quarter.
China's Consumer Price Index hit a 19-month high with a 3.1 percent year-on-year rise in May, surpassing the target of 3 percent annual inflation set by the government.
The survey also noted 72.5 percent of the respondents said current home prices were "too high to be acceptable." The percentage began to climb in the second quarter of last year and hit a record high in the second quarter of this year.
Consumers' expectations for further increases in home prices has weakened.
(Xinhua)
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