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PPI to start a downward trend in H2

07-16-2010 13:43 BJT

As an important gauge to measure inflation, the producer price index or PPI saw a jump of 7 percent in May this year. But in June, the figure dipped slightly to 6.4 percent, easing market fears. Ha Jiming, senior economist with China International Capital, says the slight dip might be the start of a downward trend in inflation. Here's what he has to say.

Ha Jiming, Chief Economist of China International Capital Corporation Ltd. said "6.4 percent of PPI growth marks the beginning of a downward trend. I believe the growth rate will continue to drop month by month.

Steel industry expert Xu Xiangchun shares the same view. He says growth of steel product prices is connected with that of PPI. Here's what he has to say.

Xu Xiangchun, Chief Analyst of Mysteel.com said "Former figures show growth of steel product prices is always synchronized with that of PPI. In June, PPI has seen a slight dip. It's the same with steel product prices. In April, the growth was 34 percent year-on-year and in June it only climbed about 6 pecent. I think the growth in June will be negative."

Editor:Xiong Qu |Source: CCTV.com

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