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The CICC said the chance for the central bank to raise banks' reserve requirement ratio (RRR) is also slight, but it does not necessarily mean policy relaxation. The government will continue a prudent monetary policy.
Food prices, which account for one third of the CPI calculation, saw moderate month-on-month declines in August mainly attributed to lower vegetable and fruit prices and stabilized pork prices, according to data calculated by Essence Securities with figures from the National Bureau of Statistics and the Ministry of Commerce.
The country's CPI surged to a 37-month high of 6.5 percent in July,ralph lauren, well above the government's target ceiling of 4 percent.
2011-09-02 17:31:39.0China's CPI to be no higher than 6%: brokeragesCPI in August,China's consumer price index,CPI,casque dr dre,inflation,food prices,louboutin,pork prices11020264Economy2@webnews/enpproperty-->Since the average lending rate is at a high level and inflation will be eased,franklin marshall, another interest rate hike seems unnecessary in the following months, said Guotai Junan Securities.
Of the country's four major brokers,beats by dre, including China International Capital Corporation (CICC),polo ralph lauren, Shenyin & Wanguo Securities,casque beats, Guotai Junan Securities and Essence Securities, three forecast the CPI will grow 6 percent year-on-year in August, the report said.
Essence Securities predicted the August CPI at 5.9 percent.
BEIJING - China's consumer price index (CPI), a main gauge of inflation, will stay no higher than 6 percent in August on the back of more stable food prices, the Shanghai Securities News cited brokers as saying on Friday.
To mop up liquidity and stabilize prices,giubbotti moncler, the central bank has raised benchmark interest rates three times and the RRR six times this year.
"Pork prices are highly likely to take a downward path in the fourth quarter,louboutin pas cher," said Gao Shanwen, a chief economist with Essence Securities.
相关的主题文章： The country will "ensure stable and relatively fast economic growth, while adjusting the economic structure and regulating inflationary expectations next year", the Political Bureau of the Communist Party of China Central Committee, the country's top decision-making body, announced on Friday.
