CPI sees highest monthly rise

时间：2007-06-13 07:08:22

（单词翻译:单击）

June 13 - Inflation in China rose by the highest monthly level in more than two years in May, the National Bureau of Statistics (NBS) reported on Tuesday.

 

The consumer price index (CPI) rose 3.4 percent in May, higher than the government's warning level of three percent, according to a statement from the NBS.

 

Food price hikes were still the leading driver of inflation, rising 8.3 percent from May last year. Grain prices rose 5.9 percent, meat and poultry1 26.5 percent, and eggs 37.1 percent, said the statement on Tuesday.

 

Foodstuffs2 have a weight of 33 percent of China's CPI, one of the key indicators3 of inflation, and meat, poultry and related products about 20 percent.

 

The CPI price rose three percent in April, down slightly from March's 3.3 percent. In the first five months of this year, consumer inflation increased 2.9 percent from the same period in 2006, according to the bureau.

 

Construction material prices climbed 4.8 percent, with the cost of home rental4 jumping by 3.4 percent. The prices of water, electricity, and fuel also rose by 2.8 percent.

 

According to NBS, the rise in consumer prices was higher in the country's rural regions at 3.9 percent, compared with 3.1 percent in urban areas.

 

"The slight rise in the CPI was expected as it was mainly driven by price rises of grain and pork," said Song Guoqing, professor with the China Economic Research Center of Beijing University, who also advised the central bank against raising interest rates.

 

Zhou Xiaochuan, governor of the People's Bank of China, said on June 6 that the bank would not rule out the possibility of adopting a mixture of monetary5 tools to keep inflation at bay.

 

Liang Hong, chief China economist6 of Goldman Sachs Asia, previously7 raised the forecast of China's inflation in 2007 from 2.6 percent to 3.6 percent, higher than the target of three percent set by the government for the whole year.

 

The People's Bank raised the one-year deposit rate by 0.27 of a percentage point to 3.06 percent and the loan interest rate by 0.18 of a percentage point to 6.57 percent on May 19 amid efforts to reduce inflationary pressures and rein8 in rapid growth in investment.

 
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1 poultry GPQxh     
n.家禽，禽肉
参考例句：
  • There is not much poultry in the shops. 商店里禽肉不太多。
  • What do you feed the poultry on? 你们用什么饲料喂养家禽?
2 foodstuffs 574623767492eb55a85c5be0d7d719e7     
食物，食品( foodstuff的名词复数 )
参考例句：
  • Imports of foodstuffs accounted for a small proportion of total imports. 食物进口仅占总进口额的一小部份。
  • Many basic foodstuffs, such as bread and milk, are tax-free. 许多基本食物如牛奶和面包是免税的。
3 indicators f46872fc1b5f08e9d32bd107be1df829     
（仪器上显示温度、压力、耗油量等的）指针( indicator的名词复数 )； 指示物； （车辆上的）转弯指示灯； 指示信号
参考例句：
  • The economic indicators are better than expected. 经济指标比预期的好。
  • It is still difficult to develop indicators for many concepts used in social science. 为社会科学领域的许多概念确立一个指标仍然很难。
4 rental cBezh     
n.租赁，出租，出租业
参考例句：
  • The yearly rental of her house is 2400 yuan.她这房子年租金是2400元。
  • We can organise car rental from Chicago O'Hare Airport.我们可以安排提供从芝加哥奥黑尔机场出发的租车服务。
5 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
6 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
7 previously bkzzzC     
adv.以前，先前（地）
参考例句：
  • The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
  • Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。
8 rein xVsxs     
n.疆绳，统治，支配；vt.以僵绳控制，统治
参考例句：
  • The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。
  • He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。

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