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China s 2021 CPI growth expected to stay below 2 pct: central bank governor

China s average consumer price index (CPI) growth for the year 2021 is expected to stay below 2 percent, Yi Gang, governor of the country s central bank, said Thursday.

China s 2021 CPI growth expected to stay below 2 pct: central bank governor - Buz & Tech News

China s 2021 CPI growth expected to stay below 2 pct: central bank governor - Buz & Tech News
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1st LD-Writethru: China s 2021 CPI growth expected to stay below 2 pct: central bank governor - China News

2021-06-10 09:35:48 GMT2021-06-10 17:35:48(Beijing Time) Xinhua English SHANGHAI, June 10 (Xinhua) China s average consumer price index (CPI) growth for the year 2021 is expected to stay below 2 percent, Yi Gang, governor of the country s central bank, said Thursday. Judging from various factors, the country s CPI remained low in the first couple of months but will likely trend higher, Yi said at the 13th Lujiazui Forum in Shanghai. Noting the country s producer price index (PPI), which measures costs for goods at the factory gate, saw a rapid rise this year, Yi said that the hike is partly due to a low comparison base last year, and a longer-term holistic approach should be taken to observe the changes in PPI.

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