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China Daily / 2020-09 / 10 / Page003

CPI expected to further ease after 4-month low in August

By ZHOU LANXU | CHINA DAILY | Updated: 2020-09-10 00:00

China's consumer inflation will further ease in the rest of the year, providing policy opportunities for Beijing to cement the country's nascent recovery in market demand, experts said on Wednesday.

Their comments came after growth in the consumer price index, a main gauge of inflation, slid to a four-month low of 2.4 percent year-on-year in August, down from 2.7 percent in July, the National Bureau of Statistics reported on Wednesday.

"CPI growth is expected to further decline in the coming months as food prices stabilize, with a narrower rise in pork prices," said Liu Xuezhi, a senior researcher at the Bank of Communications' Financial Research Center.

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