China’s inflation likely to ease in November
November 30th, 2011 - 1:57 pm ICT by IANSBeijing, Nov 30 (IANS) China’s inflation is predicted to fall for a fourth consecutive month in November with the consumer price index (CPI) likely to drop to 4.3 percent, a bank report said.
Food prices have dropped as warm weather has allowed for an abundant winter supply of vegetables, eggs and pork, according to a Bank of Communications’ report.
According to data from the Ministry of Commerce, pork prices dropped 1 percent than last week and were down 10.7 percent cumulatively since mid-September, reported Xinhua.
Egg prices have fallen in consecutive weeks, down 5 percent in the past two months, as supplies increased, the ministry said.
Food prices have a one-third weighting in the calculation of China’s CPI, which eased to 5.5 percent last month, down from 6.1 percent in September.
In addition to lower food prices, declines in global commodity prices and weakening tail-raising factors will also contribute to the CPI’s decline in November, the report said.
- China farm produce prices fall - Apr 11, 2012
- China's inflation eases (Lead) - May 11, 2012
- China's November inflation may fall below 5 percent - Dec 06, 2011
- China's inflation hits three-year high in June - Jul 09, 2011
- China to raise interest rates as prices rise - Jul 06, 2011
- China's inflation eases to 6.1 percent in September - Oct 14, 2011
- Food inflation dips to -3.36 percent; RBI may cut rates (Roundup) - Jan 05, 2012
- Food prices fall; inflation will continue to moderate: Pranab (Lead) - Jan 12, 2012
- Food inflation dips to six-year low, relief for consumer (Second Lead) - Dec 29, 2011
- Food inflation dips to 0.42 percent; WPI may fall to 6 percent: Pranab (Lead) - Dec 29, 2011
- Food inflation dips to -3.36 percent (Second lead) - Jan 05, 2012
- China's inflation rebounds (Lead) - Apr 09, 2012
- Food inflation dips to two-year low - Jan 05, 2012
- Food inflation dips to low of minus 3.36 percent (Lead) - Jan 05, 2012
- Rising inflation due to festive season demand: Mukherjee - Nov 03, 2011
Tags: bank of communications, beijing, china, commodity prices, consecutive weeks, consumer price index, decline, declines, egg prices, eggs, food prices, global commodity, index cpi, inflation, ministry of commerce, pork prices, vegetables, warm weather, winter supply, xinhua