Raising processed oil prices will trigger the CPI increase?

Raising processed oil prices will trigger the CPI increase?
Oct 31, 2007 04:22
ICEBERG Points: Join Date: Sep 10, 2007 Status: offline	Influenced by the surging oil prices in the international market, China is considering lifting the processed oil prices. However, it fears that the CPI will continue to increase if the processed oil prices are lifted. According to the source, the China National Petroleum Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec) have already submitted applications to lift processed oil prices. Confronted with this situation, perhaps Chinais possible to lift the processed oil prices. On the CPI issue, do you think that it will increase if the oil prices are lifted?

Oct 31, 2007 04:22

ICEBERG
Points:
Join Date: Sep 10, 2007
Status: offline

Influenced by the surging oil prices in the international market, China is considering lifting the processed oil prices. However, it fears that the CPI will continue to increase if the processed oil prices are lifted.

According to the source, the China National Petroleum Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec) have already submitted applications to lift processed oil prices.

Confronted with this situation, perhaps Chinais possible to lift the processed oil prices. On the CPI issue, do you think that it will increase if the oil prices are lifted?

Nov 2, 2007 04:22	#1
KEVIN0518 Points: Join Date: Mar 13, 2007 Status: Offline	Of course, the CPI will increase if the oil prices are lifed. I wonder if it will skyrocket as it did in July.

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