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China's CPI may fall 1.1%in April [Copy link] 中文

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Post time 2009-5-8 16:05:33 |Display all floors
China's consumer price index (CPI), the major gauge of inflation, is likely to record a year-on-year shrinkage of 1.1% for April, according to a forecast report released on Tuesday by the research center of the Bank of Communications (BoComm)<601328><3328>, the fifth-largest bank in China.

April is the third consecutive month that the CPI to register negative growth in part simply because of the high figures in the corresponding period of last year, said Tang Jianwei, a senior macroeconomic analyst at BoComm.

He stated that the CPI figure in the first quarter would show growth of 0.8% taking into account the effect of last year's price changes.

Tang also said he expects that China's CPI will rise again in the second half of this year, boosted by a recovery in the economy.

The report indicated that food prices will be steady as a whole in spite of some downward pressure.

China's CPI fell 1.6% year on year in February, and declined 1.2% year on year in March, according to earlier reports from China Knowledge.

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Post time 2009-5-8 16:11:40 |Display all floors
the falling CPI indicates a lower price which a good news for common citizen.
in the other hand, maybe it is not a good news for a package of efforts to spur the contraction economy.

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