China confident for a 3% CI target

Tuesday, 16/08/2016 | 08:42 GMT

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China is considerably confident that its target on official consumer inflation could be reached this year at approximately 3%, as per the nation's financial planner today.

China's inflation growth could ease

The consumer inflation's growth, on average, could ease during the second half of this year, the National Development and Reform Commission highlighted.

The NDRC stated that the producer price index (PPI) should ease declining in the second half of 2016.

Furthermore, the nation's CPI climbed compared to a year earlier by 1.8% in July and was slightly lower compared to June's 1.9% rise.

Moreover, the PPI, compared to a year ago, dropped 1.7% in July, being slightly lower than June's 2.6% drop.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-confident-for-a-3-ci-target

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