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Macroeconomics

Inflation forecast to grow faster in Oct than Sep
By STAFF EDITOR
Published: November 08, 2007 12:00 PM
China's consumer price index (CPI), a major indicator of inflation, might increase faster in October than in September due to increasing vegetable prices, the Oriental Morning Post reported, citing forecasts from China’s top economic planner, the National Development and Reform Commission (NDRC). The prices of 15 types of produce were tipped by the commission to rise 11.5% on average in October, offsetting a 2.8% and 3.1% drop in pork and egg prices, respectively. CPI gained 6.2% year-on-year ...
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