www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Inflation hits 27-month high with CPI up 3.4%

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-06-12 10:42



A woman customer buys pork at a market in Yichang, Central China's Hubei Province in this June 5, 2007 photo. The consumer price index rose 3.4% in May over the same period of last year, according to statistics released on Tuesday by the National Bureau of Statistics. [newsphoto]

China's inflation in May hit the highest level in 27 months on rising pork and food stuff prices, raising the pressure on the central bank to raise interest rates.

The Consumer Price Index (CPI), a barometer of inflation, rose 3.4 percent compared with the same period of last year, the National Bureau of Statistics said Tuesday, beating the three percent target set by the People's Bank of China for this year.

The increase, after a 3.0 percent rise in April and a 3.3 percent growth in March, was mainly driven by surging grain and pork prices.

Pork prices climbed 43 percent year-on-year in the first three weeks of May, according to official figures released earlier. Food accounts for a third of the consumer price index and meat for seven percent.

The newly-released figure makes May the fourth straight month that saw inflation outpace the benchmark one-year deposit rate, eroding people's purchasing power and making the case for an interest rates hike.

Special coverage:
Chinese Economy

Related stories:
Inflationary pressure picks up in May
Pork price drops, egg price keeps rising
Price of pork flies to new high
Consumer price rise slows to 3% in April 
Last week, central bank governor Zhou Xiaochuan said he was "closely" monitoring the rising food costs and will study May's CPI data before any interest-rate change.

"Inflation is breaching the target and putting pressure on the central bank to raise the rates," said Bank of China (Hong Kong) Ltd economist Michael Dai in an interview with Bloomberg News. He expects the central bank to increase interest rates twice more this year.

Tao Dong, chief regional economist for non-Japan Asia at Credit Suisse, believes another three hikes are needed to reduce inflationary pressure as well as to rein in soaring investment and property prices.

However, HSBC chief China economist Qu Hongbin and CITIC Securities analyst Chen Jijun disagree. They believe rates hikes will not help curb inflation as it is mainly caused by the tight supply of some commodities.

The central bank has raised interest rates twice this year, with the latest coming on May 19 when the benchmark one-year deposit rate was raised 27 basis points to 3.06 percent, while the lending rate for the same period was increased 18 basis points to 6.57 percent.
12  

(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 天天都色 | 日韩在线一区二区三区 | 欧美一级特黄aa大片在线观看免费 | 成人中文字幕在线高清 | 成人网在线视频 | 一级一毛片a级毛片欧美 | 免费人成在线观看视频不卡 | 亚洲国内精品自在线影视 | 成在线人永久免费播放视频 | 91九色首页 | 国产精品午夜性视频 | 日韩欧美视频一区二区三区 | 欧美线在线精品观看视频 | 精品国产中文一级毛片在线看 | 日韩久久免费视频 | 91色视| 日韩一区二区在线免费观看 | 国产一区亚洲二区三区毛片 | 在线观看一区二区三区四区 | 国产高清自拍一区 | 国产3级在线观看 | 久久91亚洲精品中文字幕奶水 | 无毛片 | 一级在线视频 | 好湿好紧好痛a级是免费视频 | 亚洲色色色图 | 亚洲成aⅴ人在线观看 | 免费看欧美成人性色生活片 | 国产欧美日韩在线观看 | 99九九99九九九视频精品 | 欧美色性视频 | 日韩一区二区中文字幕 | 手机在线观看a | 草久在线观看视频 | 免费高清特黄a 大片 | 九九99久麻豆精品视传媒 | 美女视频免费看视频网站 | 日本免费网站视频www区 | 99国产精品热久久久久久夜夜嗨 | 亚洲人成网址在线观看 | 欧美午夜影院 |