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Standard Chartered: China to register CPI growth in Nov

(Xinhua)
Updated: 2009-09-26 14:56

BEIJING: 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, said Saturday.

Related readings:  China's August CPI falls 1.2%, PPI falls 7.9%  July CPI falls 1.5%, steepest in five years  China's CPI to fall 0.5% in 2009  China's June CPI falls 1.7%  China's CPI fall in May for 4th month

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.

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.