CPI growth might exceed 5% in July

时间：2007-08-09 00:32:17

（单词翻译:单击）

Chinanews, Beijing, Aug 8 – At this time of August, many economists2 have begun to pay attention to the upcoming publication of the CPI figures of last July. A recent survey conducted by reporters at the China Business News shows that many institutions predict that CPI growth might reach 5.1% in July, so Chinese government might further raise the interest rate once again during the second half of the year.

 

Faced with the growing CPI figures, the chance has risen for the government to take measures to counter inflation and cool down the economy, said Li Huiyong, an economic analyst3 at Shenyin Wanguo Securities Co., Ltd.

 

In a report presented by Li, it is said that as the prices of some goods, including pork, continue to rise in China, more and more goods are affected4 by such price hike. In July, CPI growth rate further increased. That CPI growth might touch 5.1% in July means that it is 0.7 percentage point higher than the previous month. The floods occurring in some regions in China might further worsen the situation. In light of this, CPI growth might even reach 5.3% in July, a high point that once occurred in the same month in 2004, the report says.

 

Lin Zhaohui, a senior economist1 at Guo Tai Jun An Securities Company, said CPI growth in July would surely exceed 5%. To back up his point, he said the new round of price hike was caused mainly by the price rise in foods.

 

Guo Hai Securities Co., Ltd. first predicted that CPI growth for July would reach 4.9%. Later, it raised the predicted growth to 5%. One of the company’s analysts5 on macro economy cited the daily changes of the wholesale6 price of agricultural products, saying that in July, the index of wholesale prices of meat and vegetables and the general price index of agricultural products kept rising. Apart from these two indexes, the prices of other goods had not risen much. In light of this, he predicted that CPI figures in July should not rise substantially compared with that of June.

 
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1 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。
2 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家，经济专家( economist的名词复数 )
参考例句：
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
3 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
4 affected TzUzg0     
adj.不自然的，假装的
参考例句：
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
5 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
6 wholesale Ig9wL     
n.批发；adv.以批发方式；vt.批发，成批出售
参考例句：
  • The retail dealer buys at wholesale and sells at retail.零售商批发购进货物，以零售价卖出。
  • Such shoes usually wholesale for much less.这种鞋批发出售通常要便宜得多。

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