China’s CPI for April expected to rise by 3.3-3.5 percent
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Affected by the softening of agricultural product prices, Chinese sources have prediction that the increase rate of China's consumer price index (CPI) for April will decline to 3.3-3.5 percent from 3.6 percent in March. China's CPI for April is expected to be issued on May 11.
China-based Bank of Communications expects China's CPI increase rate for April will be around 3.3 percent. Meanwhile, Li Huiyong, chief analyst at Shanghai-based Shenyin Wanguo Securities, has predicted a CPI increase rate of 3.5 percent. Finally, Liang Huanlei, senior economist at the China Federation of Logistics and Information, said he expects the CPI increase rate to decline to 3.4-3.5 percent, amid lower food prices and reduced transportation costs due to softening international oil prices.
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