皇冠体育app

Top Biz News

Nov CPI figure to end months of drop: forecast

(Xinhua)
Updated: 2009-12-10 13:23

皇冠体育app's consumer price index (CPI), a main gauge of inflation, is to see a year-on-year growth between 0.5 percent to 0.6 percent in November, ending nine months of decline, analysts forecast.

Zhu Baoliang, vice director of the economic forecast division under the State Information Center, a government think tank, said the sweeping rain and snow and low temperatures since November had caused hikes in food prices across the country.

Related readings:
Nov CPI figure to end months of drop: forecast CPI falls 0.5% in October, PPI down 5.8%
Nov CPI figure to end months of drop: forecast September CPI up 0.5%, but still negative
Nov CPI figure to end months of drop: forecast 皇冠体育app's CPI falls 1.1% in first nine months, PPI down 6.5%
Nov CPI figure to end months of drop: forecast Standard Chartered: 皇冠体育app to register CPI growth in Nov

Prices of agricultural products in 皇冠体育app's 36 major cities saw rises of 0.6 percent, 1.3 percent, and 1 percent for three consecutive weeks between Nov 9 and Nov 29, according to statistics by 皇冠体育app's Ministry of Commerce (MOC).

November's CPI is also likely to see month-on-month increase, said Zhang Yongjun, a researcher with the 皇冠体育app Center for International Economic Exchanges. 皇冠体育app's consumer price index dipped 0.5 percent year-on-year in October.

The producer price index (PPI), a major measure of inflation at the wholesale level, also began climbing since the latter half of October, with prices of energies, non-ferrous metals, steel, rubber, among others reporting rises, according to figures by the MOC.

Oil prices also rose by 6-7 percent in the first half of November, the National Bureau of Statistics (NBS) data show.

Monthly economic figures for November concerning industrial output, urban fixed-asset investment, export and import, and CPI is expected to be released by the NBS on Friday.

Specials
Column
皇冠体育app Daily E-paper