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China's November CPI may increase

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Standard Chartered Bank is predicting a return to growth for China's Consumer Price Index in November.

Its Shanghai branch says government stimulus measures have helped ease the rate of decline since March this year. It's predicting CPI growth of 4 to 5 percent next year. The index dipped 1.2 percent in August from a year earlier, but the actual rate of decline was 0.6 percentage points lower than that posted in July.

Earlier this week, the Asian Development Bank forecast a 0.5 percent year-on-year fall in CPI for 2009, followed by a 3 percent rise in 2010.

(CCTV September 29, 2009)

 

China's November CPI may increase
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