China Financial Daily

The central bank: CPI might rebound in the second half of the “imported” inflation pressure
People’s Bank of China yesterday released analysis of the second quarter, said the macroeconomic situation, C PI will be stable in the second half, there is likely to rebound; future “imported” inflation pressure increased, the mobility of domestic demand picked up and inflation is expected to be off the show. Price level is expected to decline in recent months will continue, C PI is expected to bottom end of the third quarter of this year.

Although the C PI may rebound in the second half of the year, this year, inflation concerns may be inadequate. Senior Economist, BOC Hong Kong, Mr Wong Siu-ming analysis, although the rise in asset prices, but the real economy is still sluggish, and excess production capacity will be expanded products, gained inhibitor. He predicted the end of this year out of deflation and entering the low inflation.

Inflation is expected to be manifested

In his report, the central bank pointed out that the first half of 2009, CPI fell 1.1% year-on-year cumulative, in which the new prices of factors of 0.4%, -1.5% fornjβҲ˘. From the trend to see, in February 2009 to June, CPI continued to decline year-on-year, five months in a row at the bottom of concussion. The central bank will be seasonally adjusted CPI, in January 2009 to May, CPI has been in a ring than a positive growth in June 2009 to negative growth.

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