CHINA CPI PREDICTED TO RISE BY 1% IN 06
AsiaInfo Services, April, 2006
AsiaInfo Services 04-04-2006 China CPI Predicted to Rise by 1% in 06 BEIJING, Apr 04, 2006 (SinoCast via COMTEX) -- China's consumer price index (CPI) is predicted to grow by about 1% this year, according to a recent report on the country's economic growth by experts in Peking University and National Bureau of Statistics. In 2006, the factory prices of industrial goods would rise by some 2.5%, the purchasing prices of raw materials and fuel by about 4.5%, they predicted. Judging from the current tendency of price variation, the pressure from deflation has been on the increase while that from inflation has played a less dominant role in the society. However, currently the deflation has not happened and would not take place in the predictable future, as China is...
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