China:CPI rise of about 5 percent in August
Posted on Sep-07-2008· by china investor
Consumer price index rise of about 5 percent in Aug year-to-year in Aug,It seems the rising rate is down,but I found some goods which people must buy are continue rising,For example,This month I had to spend more than 125% money to buy eggs in market in Sep.Because the price of oil is down,so I guess the CPI will continue keeping in a low level,but the price of foods will decided the CPI in next months.At the same time,a report about rising worker’s salary been submit to the relation departermant,but the advice will not been accept in a short time,because China now need more growth number for keep a good status for economy.
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