Economy
China's high inflation rate may last until Q3: survey
Updated: 2011-01-10 10:12
(Xinhua)
BEIJING - China's high inflation rate could continue well until the second or third quarter of this year, according to a survey of 56 leading economists.
Also, 58 percent of the economists said inflation would remain high in the first quarter after the consumer price index (CPI), the main gauge of inflation, soared to a 28-month high of 5.1 percent in November last year.
Economists from the China Jianyin Investment Securities said in the survey that inflation could well peak in June this year, at 6.3 percent, but the CPI would drop below 4 percent from October.
About 33 percent of the economists believe rising international commodity prices and increasing food prices at home will be the two major factors pushing the index higher, while 28 percent see excessive liquidity in the market as the main reason for the high inflation.
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