China's consumer price index (CPI), the main gauge of inflation, is expected to rise by about 1.4 percent this year, 0.6 percentage point lower than the figure in 2014 and far below the country's 3 percent target for the year, according to a report released by National Academy of Development and Strategy, Renmin University of China (RUC).
The report attributed the pullback of CPI to multiple factors such as a supply-demand imbalance. The report also forecasts that China's producer price index (PPI) may fall by 5.2 percent this year, expanding 3.3 percentage points from 2014.
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