China May inflation forecast at around 2.5%
Updated: 2013-05-30 01:15
(Xinhua)
|
||||||||
BEIJING - China's Consumer Price Index (CPI) is likely to grow 2.5 percent in May from a year earlier, slightly up from the 2.4 percent recorded in April, the Bank of Communications (BOC) has forecast.
The official CPI for May is due to be released by the National Bureau of Statistics (NBS) on June 9.
The BOC expects the CPI, a main gauge of inflation, to rise at 2.5 percent for the second quarter year on year, and inflation to be mild throughout the year.
The outbreak of bird flu and the incident involving the dumping of dead pigs in a river in Shanghai have dampened people's appetite for pork, poultry and eggs, bringing their prices down in May, said Tang Jianwei, a senior analyst on macroeconomics at the bank.
Meanwhile, concern about an economic slowdown and the abundant vegetable supply in the market will help contain the upward pressure on inflation in the latter part of this year, said Tang.
China's CPI grew 2.4 percent year on year in April, up from 2.1 percent in March but well below the year's control target of 3.5 percent, according to the NBS.
- Michelle lays roses at site along Berlin Wall
- Historic space lecture in Tiangong-1 commences
- 'Sopranos' Star James Gandolfini dead at 51
- UN: Number of refugees hits 18-year high
- Slide: Jet exercises from aircraft carrier
- Talks establish fishery hotline
- Foreign buyers eye Chinese drones
- UN chief hails China's peacekeepers
Most Viewed
Editor's Picks
Pumping up power of consumption |
From China with love and care |
From the classroom to the boardroom |
Schools open overseas campus |
Domestic power of new energy |
Clearing the air |
Today's Top News
Shenzhou X astronaut gives lecture today
US told to reassess duties on Chinese paper
Chinese seek greater share of satellite market
Russia rejects Obama's nuke cut proposal
US immigration bill sees Senate breakthrough
Brazilian cities revoke fare hikes
Moody's warns on China's local govt debt
Air quality in major cities drops in May
US Weekly
Geared to go |
The place to be |