China's consumer price index (CPI) may grow about 1.3 percent in November, leveling with October, and the growth rate may lower further in the following months and that for this year might be 1.4 percent to 1.5 percent, predicted by a number of institutes.
Economic Information Daily quoted Cai Hanpian, a member of macroeconomic research group of the Economic Research Institute of Peking University as saying on Tuesday that on one hand, the change of food prices on a monthly basis turned from negative growth to positive growth because of seasonal factors; on the other hand, non-food prices declined further affected by producer price index (PPI) and domestic sales of commodities originally produced for exports.
The CPI in November may grow slower in November at some 1.3 percent, leveling with the grow rate in October.
Jiang Chao, chief macroeconomic analyst with Haitong Securities, predicted that the CPI for food would decline 0.5 percent month on month in November and the CPI would grow 1.3 percent from October.
Xie Yaxuan, chief macroeconomic analyst with China Merchants Securities, predicted the food prices would decrease 0.6 percent, non-food prices would keep unchanged, and the CPI would retreat 0.2 percent from October.
Su Jian, vice president of the Economic Research Institute of Peking University, said in view of sliding growth rate of PPI on a yearly basis and relative surplus in widgets that failed to be exported due to sluggish overseas demand, the CPI for this year may grow about 1.4 percent year on year, about 0.6 percentage points less than in 2014.
Lian Ping, chief economist of the Bank of Communications, said the CPI is still under a downcast pressure and it may grow 1.4 percent to 1.5 percent year on year in 2015 and keep running low in 2016.
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