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BIZCHINA / News
Analysts say CPI may hit 5 percent
By Xin Zhiming (China Daily)
Updated: 2007-08-10 08:50
Analysts say the consumer price index (CPI) may break 5 percent in July,
which would increase the likelihood of tightening measures being
introduced in the second half of this year.
The CPI for July, which will be released on Monday, may hover around 5
percent, according to the latest forecast from Deutsche Bank (Hong Kong).
The bank said it may be 4.8 percent in the third quarter before it drops
to around 4 percent in the fourth.
Related readings:
?Economists: 4% CPI rise still healthy
?CPI to rise record 4.5% in 3rd quarter, rate hike likely
?Slower growth seen in CPI
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The trend is in line with many analysts' predictions that efforts to
stabilize price rises will take effect later.
The CPI for the whole year will be around 3.8 percent, according to the
Deutsche Bank forecast.
Morgan Stanley (Asia-Pacific) said the CPI could reach as high as 5.5
percent in July, while Goldman Sachs said the figure may hit 5.1 percent.
Whatever the figure, the forecasts point to rising prices in a country
where economic growth soared to 11.5 percent in the first half of this
year.
"The authorities are set to take measures in the coming months," said
Zhuang Jian, a senior economist with the Asian Development Bank in China.
Apart from increasing supply, the central government has told local
officials to stabilize prices.
(For more biz stories, please visit Industry Updates)
Related Stories ?
� Economists: 4% CPI rise still healthy
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� CPI to rise record 4.5% in 3rd quarter, rate hike likely
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� Slower growth seen in CPI
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