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CPI Is Still In High &Nbsp In August, And Will Gradually Fall Down In The Future.

2011/8/29 8:53:00 41

August CPI High Will Fall In The Future

According to all parties

Price

Data showed that food prices slowed slightly in August, but due to the impact of the debt crisis in Europe and America, the pressure on non food prices was reduced.

In this regard, industry experts believe that China's inflation is likely to be at its peak. In August, the consumer price index (CPI) will not be higher, the data will fall to around 6.2%, and inflation pressure will gradually decline in the future.


Qiao Yongyuan, an economist at Monita investment company, said that compared with 2008, current inflation has more obvious continuity characteristics.

He predicted that the rise in food prices in August would be much slower than in July, and that in August CPI would be lower than that in July.

However, food prices will remain high in the short term.


Societe Generale Bank (601166) chief economist Lu commissar predicted that the August CPI data is expected to appear in the first few months than the historical normal level of the super expected situation, which led to a year-on-year data down to 6.1%.

"This means that unless a small probability event hits the CPI CPI in September, the peak of the year will probably become a history in July."

He predicts that the overall CPI level will fall to 5.4%~5.6% in 2011.


Shen Jianguang, chief economist of Mizuho Securities, also predicts that CPI will be lower than 6.5% in July, or 6.2%, in August.

He said, "the Ministry of commerce data show that pork prices rose 0.1% in August, significantly lower than the 11.7% rise in July.

The prices of grain, poultry and aquatic products rose less than that in July. The price of vegetables and fruits declined more obviously, and the price of eggs increased only faster.


In addition, the latest research report of Guo Hai securities (000750) pointed out that CPI will remain at a high level of over 6% in August, and the value will be between 6%~6.2%, which is smaller than that in July.

Fall back


The inflation pressure will gradually decline in August, and the industry has reached a consensus. Zhu Jianfang, managing director and chief economist of CITIC Securities (600030), said that in July, CPI would probably have reached a high point in the year. Inflation pressure will gradually decline in the second half of this year. This downward trend will last until 2012, and CPI is expected to be around 5% this year.

At the same time, the industrial product factory price index (PPI) will fall quickly, which is expected to be around 6.4% of PPI this year.


Zhu Jianfang pointed out that the domestic food price increase has slowed down in July, and the price of pork is expected to remain stable for the year * *. Even if the Mid Autumn Festival and National Day holidays promote the short-term price rise, we believe that the festival will soon recover. Pork prices will be around the current price shocks next spring festival.


In addition, the input type

inflation

Pressure drops and global economic slowdown slows down commodity prices.

Therefore, in July, CPI is likely to be a high point in the year. Inflation pressure will gradually decline in the future, and tightening policy will not continue to be overweight.


Li Huiyong, chief macroeconomic analyst at Shenyang Wanguo Securities Research Institute, also said that due to the slow growth of pork prices, the easing of imported inflation pressure and the effect of policy regulation, the CPI increase in August will start to fall into a downward channel, and the whole year will show a trend of inverted U.


 
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