Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time: Jul 9 2019 9:47AM
China's CPI expected to rise 2.6% in June
Text size
BEIJING - China's consumer price index (CPI), a main gauge of inflation, is expected to go up in June year-on-year, according to some securities institutions cited by Monday's Securities Daily.

The CPI is estimated to rise an average rate of 2.6 percent year-on-year in June, from the lowest 2.2 percent to the highest 2.9 percent, said the newspaper.

As of June 29, hog prices rose more than the previous year in June, while the increase of fruit prices continued to expand year-on-year since autumn fruits such as apples and pears were not in season in June, data from the Ministry of Agriculture and Rural Affairs showed.

Li Chao, an analyst with Huatai Securities, predicted that CPI rising pressure would be still controllable because the country has already made efforts to ensure a reasonable supply of various kinds of foods.

Food prices are expected to go up by nearly 8.2 percent due to higher prices in grain, red meat and fruits, said Huang Wentao, an analyst with China Securities.

Non-food CPI is expected to remain stable year-on-year because the crude oil prices fell significantly in June, said Hua Changchun, an analyst with Guotai Junan Securities.

The National Bureau of Statistics will release the official June CPI data Wednesday.
Related Articles
Spotlight: Despite solid jobs report, trade tensions, slowing
China still looking for satisfactory trade solution
China's service trade up 2.6 pct in first 10 months
Service index shows signs of stabilizing economy
Xinjiang's foreign trade up 28% in first 10 months
Policy focus to be on stable growth, lower risks in 2020
Regulators set to offer SOEs more power
US growth expected to be sluggish in Q4
Chinese firms sign $184m deals to purchase goods from Laos
Cabinet pledges further tax relief
Review and brief outlook on acrylic market
2019 state cotton reserves sales structure analysis
China PET bottle chip supply demand change and future trend
Operation and development of virgin PSF and recycled PSF
Basic situation of polyester market in Q1-Q3 and Q4 ...
Spandex supply and demand in 2019 and market outlook