Experts Predict That CPI Will Rebound Slightly In April, And The Results Will Be Announced On 11 Th.

The National Bureau of statistics will announce the main economic data in April on 11. Some experts believe that China's economic boom is still relatively high in the two quarter. As the price of pork and other foods rebounded, the consumer price index (CPI) rose to about 2.6% in April.

Li Huiyong, chief macroeconomic analyst at Shenyin Wanguo, believes that CPI will rise by 2.6% in April and 0.2 percentage points from last month, driven by rising food prices. Affected by the rise in international commodity prices, the PPI will rise by 6.1% over the same period last year, 0.2 percentage points higher than last month.

From the recent announcement of industrial profits, Manufacturing Purchasing Managers Index (PMI) and non manufacturing business activity index and other indicators, the current economic fever in China is still relatively high.

Li Huiyong believes that China's GDP growth will be higher than 10% in the two quarter, and monetary policy and real estate policies may still be tightened.

Dong Xianan, chief macroeconomic analyst at Xingye securities, said that in addition to the continued downward trend in pork prices in April, food prices such as eggs, vegetables and aquatic products have rebounded. Food prices are expected to rise 5.5% in the month and CPI will rise by 2.8%. It is estimated that industrial added value will increase by 19% over the same period in April, and fixed asset investment will increase by 26.5% over the same period last year. The total retail sales of social consumer goods will increase by 18.5%, and the total import and export volume will increase by 32.6% and 44.8% respectively.

The Ministry of Commerce said that pork prices have rebounded for two consecutive weeks since mid April, with the increase of 0.2% and 0.5% respectively. Under the action of purchasing and storing, the prices of pig and pork resumed in the whole country, and the rate of increase was increasing.