The price monitoring center of China's National Development and Reform Commission (NDRC) has reported that the consumer price index (CPI) in China in the first half of 2011 is expected to rise by around 4.9 percent year on year, though the index may rise at a slower rate in the second half of the year.
According to the report, food, household goods and services in China are indicating relatively strong increases, while other commodity prices are on an overall upward trend. It is expected that in March the consumer price index will see an increase of about 5.3-5.6 percent on year-on-year basis. Meanwhile, the total increase in China's CPI in Q1 2011 is likely to be about 4.9 percent year on year, according to the NDRC.
The NDRC report anticipates that, although inflationary pressure will continue to exist in Q2, it will not indicate an increase.