CPI to rise 3.3% in 2007

    (Reuters)
    Updated: 2007-06-20 09:14

    China's consumer price index is expected to rise about 3.3 percent in 2007, moving above the government target of three percent, the State Information Centre said on Wednesday.

    The forecast came after China's consumer price index (CPI) hit a 27-month-high of 3.4 percent in May, driven by an 8.3 percent rise in food prices, from 3.0 percent in April and 3.3 percent in March.

    "Consumer inflation in 2007 is to be pushed up by food price increases, and food price increases are the result of a surge in meat, poultry and egg prices," the think-tank said in a report published on the China Securities Journal.

    The centre is a research body under the China National Development and Reform Commission, China's top planning agency.

    The report said the rise in meat and other foods would not slow considerably until the last quarter of this year because of high grain and cereal prices.

    But it did not provide any forecast on policy moves.

    A surge last month in the price of pork, a staple meat on Chinese dinner tables, raised concerns about inflation. After the May inflation data was released last week, Premier Wen Jiabao said the government was prepared to tighten policy further to restrain the economy and inflation.

    Various ministries also scrambled to respond in an effort to ease public worries about inflation. The Ministry of Commerce said pork prices in major Chinese cities had dropped slightly in the first 10 days of June.

    But according to the report, meat and egg prices could rise even further in coming weeks, following a 26.5 percent surge in meat prices in May.

    Besides food, inflation pressures are under control, the report said.

    Prices of industrial products are unlikely to rise significantly, and labour cost increases in China have yet to be reflected in consumer inflation.

    It said the pace of inflation in 2007, although it is exceeding Beijing's target, is still within a range the government can control. Monetary tightening and yuan appreciation in China are expected to have some cooling effects on inflation.



    Top China News  
    Today's Top News  
    Most Commented/Read Stories in 48 Hours
    亚洲欧美日韩另类中文字幕组| 伊人久久无码中文字幕| 亚洲中文字幕无码久久2017| 亚洲AV无码成H人在线观看| 亚洲精品无码成人片久久| 伊人热人久久中文字幕| 国产亚洲精久久久久久无码AV| 亚洲AV无码乱码在线观看裸奔| 亚洲日本va午夜中文字幕一区| 亚洲精品无码你懂的网站| 成人av片无码免费天天看 | 亚洲中文字幕无码一去台湾| 久久青青草原亚洲av无码app| 日日摸夜夜爽无码毛片精选| 爆操夜夜操天天操中文| 亚洲AV无码乱码在线观看性色扶 | 无套中出丰满人妻无码| 亚洲va中文字幕无码| 中文字幕av无码专区第一页| 国产成人无码一区二区三区| 日韩精品无码中文字幕一区二区| 日韩精品无码一区二区三区四区| 最近中文字幕无免费| 日韩精品无码中文字幕一区二区| 亚洲 无码 在线 专区| 波多野结衣AV无码| 国产在线无码视频一区二区三区 | 一区二区三区人妻无码| 中文字幕视频在线免费观看| 久久久网中文字幕| 亚洲欧洲中文日韩久久AV乱码 | 亚洲精品无码AV人在线播放| 国产成人无码AV麻豆| 久久亚洲AV成人无码| 免费无码黄网站在线看| 亚洲国产综合无码一区| 无码无套少妇毛多18PXXXX| 日韩精品无码一本二本三本| 精品无码国产一区二区三区51安| 精品国产a∨无码一区二区三区| 久久水蜜桃亚洲av无码精品麻豆|