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CRI News Reports:China's CPI Rises 4% in 

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China's consumer price index, the main gauge of inflation, rose four percent year on year in October.

The figure, released by the National Bureau of Statistics on Tuesday, was down 0.6 percent from that of September and it has dropped for six consecutive months.

Qi Jingmei, a senior researcher with the State Information Centre, attributes the decline to the government's macroeconomic controls in dealing with the rapid rise of the CPI in the first half of the year.

She adds the drop in food prices also contributed to the decline of October's CPI.

"We received good grain harvests in summer and autumn. This is the most important factor in stabilising staple food prices, and finally led to a drop in the CPI.

Meanwhile, global food prices dropped dramatically after the hike in the first half. It also gradually lowered the domestic food prices."

Qi Jingmei says she remains optimistic about the CPI in the upcoming two months.

"I think the CPI in the fourth quarter will continue to decline. It will ease pressure on the government to beat inflation, and shift the focus from macro-economic control to sustaining economic growth."

The average CPI in the first 10 months of 2008 rose 6.7 percent year on year, higher than the yearly goal of 4.8 percent.

重点单词   查看全部解释    
global ['gləubəl]

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adj. 全球性的,全世界的,球状的,全局的

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dealing ['di:liŋ]

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n. 经营方法,行为态度
(复数)dealin

 
beat [bi:t]

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v. 打败,战胜,打,敲打,跳动
n. 敲打,

 
decline [di'klain]

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n. 衰微,跌落; 晚年
v. 降低,婉谢

 
gauge [geidʒ]

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n. 测量标准,轨距,口径,直径,测量仪器
v

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inflation [in'fleiʃən]

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n. 膨胀,通货膨胀

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control [kən'trəul]

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n. 克制,控制,管制,操作装置
vt. 控制

 
domestic [də'mestik]

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adj. 国内的,家庭的,驯养的
n. 家仆,

 
factor ['fæktə]

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n. 因素,因子
vt. 把 ... 因素包括

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optimistic [.ɔpti'mistik]

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adj. 乐观的,乐观主义的

 


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