China Financial Daily

Central Bank: the future CPI inflation is expected to increase bottom end of the third quarter
Yesterday, the People’s Bank of China released a survey in 2009 the Secretary for the second quarter analysis of the macroeconomic situation report, CPI will be the bottom end of the third quarter of this year, while the future increase in imported inflation.

CPI might rebound in the second half of

This year, the impact of by, CPI year-on-year decline in five months in a row at the bottom of shocks, the central bank of the seasonally adjusted CPI Central has been more than 1-5 in the month of positive growth for the negative growth in June.

The central bank estimates the CPI index first synthesis stage is still in decline, downward trend in prices in recent months will continue. Coincident Composite Index but projections indicate, CPI will be the bottom end of the third quarter of this year. The central bank said that overall, CPI will be stable in the second half, there is likely to rebound.

Recently, the international commodity prices soared, the rapid rise in domestic asset prices, inflation expectations are more strongly. The central bank yesterday said that the overall global commodity market bottom has picked up momentum, the future increase in imported inflation. At the same time, domestic demand continues to rise, the continuing flow of well-off, inflation is expected to be manifested.

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