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��Home>>Business
CPI to rise by 3% this year in China
www.chinanews.cn 2007-06-20 17:24:36
Chinanews, Beijing, Jun. 20 �C According to China Securities Journal, a
report made by an economic analysts group of the State Information Center
(SIC) revealed on Wednesday that the Consumer Price Index (CPI) may rise
by 3% in China this year.
The report also reveals that CPI in China still tends to be rising in the
next several months. It arrives at such conclusion by comparing
statistics made in the past 36 months.
The report believes that the rise of CPI in the past three months was
caused by the rising price of grain and meat, which will not start
falling until October this year. The increased cost in tertiary industry
also caused CPI to rise higher.
People's massive spending in buying houses is another factor pushing up
CPI.
��CPI sees highest monthly rise
��Whether to raise interest rate depends on CPI figure, bank governor
��CPI eases, pressure for interest rates hike remains
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