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Apr. 14, 2008 (China Knowledge) - China's March consumer price index (CPI) may rise as much as 8.3% and the figure for the first quarter was about 8.0%, Liu Shiyu, the deputy governor of the People's Bank of China (PBOC), said in Shanghai over the weekend. The figures were based on a preliminary internal research of the central bank. However, the official data are due to be released by the National Statistics Bureau this Friday. The CPI, the main measurement of inflation, hit 8.7% in February, the highest in 11 years. The slight fall in the March CPI resulted from seasonal reasons, according to Liu. He also stressed that the high inflation will be a main challenge to macro-economic agenda in the year 2008. The central government plans to keep inflation within 4.8% this year. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI
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