Caixin OnlineFinance & EconomicsTop Stories Finance Central Bank Expects CPI to Peak in April
03.17.2011 23:59

Central Bank Expects CPI to Peak in April

An official from the central bank said that inflation figures are expected to fall to 4 percent by the end of this year
By staff reporter Wen Xiu

(Beijing) – An official from the People's Bank of China, the central bank, said China's consumer price index is expected to peak at 5.5 percent in April, then fall back to around 4 percent by the end of this year.

April CPI was widely expected to peak in June or July at 7 percent before the central bank's prediction.

Chinese Premier Wen Jiabao said earlier in a government work report that the primary task in the government's economic policy for 2011 is maintaining price stability. The government has set a goal to keep CPI at 4 percent.

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