BEIJING, May 8 (Xinhua) -- China's consumer price index (CPI) growth is expected at 3.9 percent in April, narrowing from 4.3 percent in March, Securities Daily reported on Friday.
There are few factors to push up food prices in the second quarter of 2020 as COVID-19 has been predominantly contained domestically and logistic capacity gradually recovered, Li Chao, senior analyst with Zheshang Securities, told Securities Daily.
The release of frozen pork from the central reserves in February and March also helped stabilize food prices, Li added.
As the impact of COVID-19 on commodities supply eased and hog production restored, the CPI for the whole year is likely to maintain a downward trend, Xie Yaxuan, chief analyst with China Merchants Securities, was quoted as saying.
China's CPI, a main gauge of inflation, rose 4.3 percent year on year in March, easing from the 5.2-percent growth for February, according to the National Bureau of Statistics (NBS).
The NBS is scheduled to release the CPI for April on May 12. Enditem
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