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China's CPI to grow in November: Standard Chartered report

(Xinhua)
Updated: 2009-09-27 14:18

China's consumer price index (CPI), a major inflation gauge, might begin to see growth since November, Stephen Green, head of research for Standard Chartered Bank in Shanghai, told Xinhua Saturday.

China's CPI halted its enlarging declining pace since March due to the government's stimulus measures and the CPI might rise around 4 to 5 percent in 2010, said the bank in its recent research report.

Related readings:  CPI dips 1.6% in Aug, most in 5 years  China's August CPI falls 1.2%, PPI falls 7.9%  China's CPI to fall in August, but at slower rate: report   CPI down 1.82% in July

The CPI of the world's third largest economy dipped 1.2 percent in August from a year earlier, China's National Bureau of Statistics figures revealed. The rate of decline was 0.6 percentage points lower than that in July.

The Asian Development Bank earlier this week estimated China's CPI would fall 0.5 percent from a year earlier in 2009 and rise 3 percent in 2010.

China can accept an inflation rate slightly higher than 2 percent, Zhou Xiaochuan, governor of the People's Bank of China, the central bank, said earlier this week.