THE growth rate of China s Consumer Price Index (CPI) in November may exceed the previous month s growth rate, China Securities Journal said.
The country s CPI surged 4.4 percent year on year in October.
China International Capital Corporation (CICC) predicted November s CPI will climb another 4.8 percent year on year, a 0.4 percent month-on-month increase in growth rate, while the Producer Price Index (PPI) will grow 4.6 percent year on year, a 0.4 percent month-on-month fall in growth rate.
Industrial Securities analyst Dong Xianan forecasts this month s CPI will grow 4.7 percent year on year.
The central bank has targeted inflation pressure and rapid credit and monetary growth, Ma Delun, a deputy governor of the People s Bank of China, said at a briefing in Beijing yesterday.
Ma was referring to recent increases in interest rates and banks reserve ratios, along with open market operations.
He said the central bank hoped that its moves would better guide market expectations. The market had felt the central bank s intentions through recent moves, Ma said.
(SD-Agencies)
