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A 4% annual CPI rise will not cause an overall inflation
2014-08-29
By Ren Xingzhou
Date: 2004/08/12
Abstract:
In the first half of 2004, domestic CPI rose by 3.6%, a large part of which is considered a carryover effect whereas current factors account for only 40% of the rise. On the whole, the current CPI rise still falls within the normal and economically affordable range with no danger of overall inflation. When the macro-control measures show effect and the carryover effect is weakened, CPI rise in the latter half of 2004 will slow down further. It is estimated that the overall annual price change will be around 4%. The macro-control policies in the latter half of 2004 should be stabilizing CPI, and prevent sharp rises or falls of prices. In the meantime, related rules and regulations should be strengthened.?
