CPI growth expected to remain high in November

时间：2007-12-05 08:17:55

（单词翻译:单击）

Chinanews, Beijing, Dec. 4 – As food prices continue to climb, analysts1 expect that CPI growth might remain at a high level in November to hit a historical high point. In light of this, interest rate raise might become inevitable2 in the predictable future, the China Business News reported.

 

Last September, CPI dropped to a relatively3 low point for a short time. In October, however, it regained4 a high level of 6.5%, the same historical high point that once occurred in last August. In November, as food prices remain high, there is little chance for CPI growth to come down.

 

On Monday, the State Development and Reform Commission's Price Information Center published information of commodities it gathered last week. According to SDRC, the average retail5 sales price of pork reached 26.26 yuan a kilo in 36 large and medium cities, which was 1.23% more than the previous month. This was the seventh consecutive6 week that meat price witnessed a rise. In addition to meat, the prices of vegetables, fruits and cooking oil also rose for several weeks on end.

 

Shen Yin & Wan7 Guo Securities Co., Ltd. released a report to say that in November, CPI growth will remain at a high level of 6.7%-6.9%. It expects that CPI growth rate in November will reach 6.8%, the highest point this year.

 

The high CPI growth is attributed to the hovering8 food prices and the rising costs in transportation, the report says.

 

“Based on the current trend of food prices, we expect that CPI growth will not fall down in November and it might possibly reach 6.5%, the highest point this year, or even higher than that,” said Lu Zhengwei, a macro economy analyzer at Industrial Bank Co., Ltd. He believed that November's CPI growth might fall somewhere between 6.2% and 6.9%.

 

If this is really the case, analysts predict that interest rate raise might become inevitable in the coming months.

 
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1 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
2 inevitable 5xcyq     
adj.不可避免的，必然发生的
参考例句：
  • Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
  • The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。
3 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
4 regained 51ada49e953b830c8bd8fddd6bcd03aa     
复得( regain的过去式和过去分词 )； 赢回； 重回； 复至某地
参考例句：
  • The majority of the people in the world have regained their liberty. 世界上大多数人已重获自由。
  • She hesitated briefly but quickly regained her poise. 她犹豫片刻，但很快恢复了镇静。
5 retail VWoxC     
v./n.零售；adv.以零售价格
参考例句：
  • In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
  • These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。
6 consecutive DpPz0     
adj.连续的，联贯的，始终一贯的
参考例句：
  • It has rained for four consecutive days.已连续下了四天雨。
  • The policy of our Party is consecutive.我党的政策始终如一。
7 wan np5yT     
(wide area network)广域网
参考例句：
  • The shared connection can be an Ethernet,wireless LAN,or wireless WAN connection.提供共享的网络连接可以是以太网、无线局域网或无线广域网。
8 hovering 99fdb695db3c202536060470c79b067f     
鸟( hover的现在分词 )； 靠近（某事物）； （人）徘徊； 犹豫
参考例句：
  • The helicopter was hovering about 100 metres above the pad. 直升机在离发射台一百米的上空盘旋。
  • I'm hovering between the concert and the play tonight. 我犹豫不决今晚是听音乐会还是看戏。

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