CPI Consumer Price Index News
- 2007 CPI likely up 2.5 percent
Date: 1-Feb-2007 Sources: (Shenzhen Daily)
CHINA'S consumer price index (CPI), a key gauge of inflation, is likely to rise by 2.5 percent this year, the Xinhua news agency reported late Monday, citing a forecast from the Ministry of Commerce.
The CPI rise would represent a pickup from last year's 1.5 percent increase.
Rising gasoline prices are likely to push China's inflation higher this year, the report said, citing an unnamed official at the ministry's department of market operation regulation, which issued the forecast.
China's government officials have alerted against inflationary pressures, as the country's grain prices have continued to rise, while energy and commodities prices may also climb higher due to a further liberalization of regulations.
The Ministry of Commerce predicted that China's retail sales are likely to rise by around 13 percent to 8.6 trillion yuan (US$1.107 trillion) this year, according to the report.
That would represent a slight slowdown from the 13.7 percent increase recorded last year. The report didn't give a reason for the expected slowdown.
(SD-Agencies)
CHINA'S consumer price index (CPI), a key gauge of inflation, is likely to rise by 2.5 percent this year, the Xinhua news agency reported late Monday, citing a forecast from the Ministry of Commerce.
The CPI rise would represent a pickup from last year's 1.5 percent increase.
Rising gasoline prices are likely to push China's inflation higher this year, the report said, citing an unnamed official at the ministry's department of market operation regulation, which issued the forecast.
China's government officials have alerted against inflationary pressures, as the country's grain prices have continued to rise, while energy and commodities prices may also climb higher due to a further liberalization of regulations.
The Ministry of Commerce predicted that China's retail sales are likely to rise by around 13 percent to 8.6 trillion yuan (US$1.107 trillion) this year, according to the report.
That would represent a slight slowdown from the 13.7 percent increase recorded last year. The report didn't give a reason for the expected slowdown.
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