Date
19 October 2017

China January CPI seen up 2.3% at most, paper says

China’s consumer price index (CPI) likely rose no more than 2.3 percent in January from a year earlier as warm winter and falling meat prices helped ease seasonal pressure, China Securities Journal reported Friday, citing institutional estimates. Bank of Communications Co. Ltd. (03328.HK, 601328.CN) put CPI growth at 2.2 percent, lower than a 2.5 percent forecast in the first quarter. China Galaxy Securities Co. Ltd. (06881.HK) said CPI probably grew 2.1 percent last month as rents and energy prices rose. Meanwhile, Everbright Securities Co. Ltd. (601788.CN) said the economy is showing deflationary pressure in terms of producer prices and cut its 2014 CPI growth estimate to 2.7 percent from 3 percent, the report said.

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