China's CPI to rise in May

0 CommentsPrint E-mail Xinhua, June 8, 2011
Adjust font size:

China's consumer inflation will increase in May, driven by higher food prices and a lower comparison basis, adding the possibility of an imminent interest rate hike, analysts have said.

The Consumer Price Index (CPI), a main gauge of inflation, will climb to 5.5 percent in May from 5.3 percent in April, said Qiao Hong, an economist from Goldman Sachs.

Rising food prices, particularly for pork, are the main reason for the predicted increase, she said.

Pork prices have been rising steadily since early May, as demand increased during the recent Dragon Boat Festival holiday.

Vegetable prices have also risen by nearly 20 percent, according to data from the National Bureau of Statistics.

Qiao expects food prices, which account for one-third of the CPI, to jump 12.1 percent in May from a year ago, higher than the 11.5 percent posted in April.

The China International Capital Corporation (CICC) also expects the CPI to rise to 5.5 percent, reports Shanghai Securities News. A lingering drought in south China will push up prices of aquaculture products, and non-food prices will continue to stay high, the company said in a report.

With higher inflation, analysts expect an interest rate hike to occur in June.

Economist Dong Xianan predicts that the rate hike will happen as soon as this weekend. Dong was quoted by the Shanghai Securities News as saying that the central bank is likely to hike the reserve requirement ratio (RRR) for commercial banks after macro-economic data is released next week.

The CICC said in its report that the government's monetary tightening measures will continue in the third quarter.

The CPI hit a 32-month high of 5.4 percent in March. To curb the rising rate of inflation, the central bank has hiked its benchmark interest rates four times since last October, and raised the RRR for commercial banks five times this year to a record high of 21 percent.

 

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: juy-432君岛美绪在线播放| 久久综合九色综合精品| 精品一区狼人国产在线| 国产大屁股视频免费区| 97色精品视频在线观看| 好猛好紧好硬使劲好大国产| 中文无码字幕中文有码字幕 | 国产免费资源高清小视频在线观看| 又黄又骚的网站| 国产麻豆综合视频在线观看| kink系列视频在线播放| 成人免费无毒在线观看网站| 久久久无码精品亚洲日韩按摩 | 日韩乱码在线观看| 亚洲a∨精品一区二区三区下载| 欧美日韩国产色| 亚洲色图综合在线| 福利一区二区在线| 又大又硬又黄的免费视频 | 久久国产精品鲁丝片| 校草被c呻吟双腿打开bl双性| 亚洲日本人成中文字幕| 波多野结衣在线观看免费区| 免费污片在线观看| 精品伊人久久久香线蕉| 啦啦啦中文在线观看日本| 色欲久久久天天天综合网精品| 国产免费观看青青草原网站| 黑人巨茎大战欧美白妇| 国产激情一区二区三区| xxxxx性欧美hd另类| 国产精品偷伦视频观看免费| 20岁chinese魅男gay| 国产网站麻豆精品视频| 97免费人妻在线视频| 在线观看污污视频| 99精品视频在线视频免费观看| 天天5g天天爽永久免费看欧美 | 免费观看黄a一级视频日本| 精品无码久久久久久久久久| 吃奶呻吟打开双腿做受动态图|