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Thread: CPI increased 3.2% in the first half year
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[quote=APAULT,240164]Zoey: If the CPI rose 3.2% compared with the same perod last year I think they are quoting annual figures. That is not the same as in your title which said it rose 3.2% in the first half of this year. So Johnny, I think your figure is an annualised figure too. The GDP of 11% is above what the government wants to see so I would anticipate interest rate rises or some restrictions on certain types of investment. The CPI rise means prices have gone up[...they can only go up if peopel have money to spend..in China there is HEAPS of spare money...seriously. people have been saving so much, especially the older people who hav ememories of no food. If they now decide to spend it...prices rise. There are many strong pressures that may cause inflation and the governemnt is doing several things to try and prevent it... it is not easy while trying to keep the economy going. [/quote]
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