Bank of Communications forecast: CPI will reach 5.2% in April, and will remain high in the second quarter.

According to the macro data forecast report released by the Bank of Communications Financial Research Center yesterday, the international import inflation pressure may continue to remain high before June. It is expected that the CPI will reach 5.2% and the PPI will reach 7.1% in April.   The report pointed out that as the price of edible agricultural products fell by 0.5-1.3 percentage points in April, the non-food price rose by about 2.5%-3%, while the hikes in April remained at a high level. The preliminary forecast for April CPI was 4.9%. -Between 5.4%. Due to the pressure of rising prices in the first half of the year, it is not ruled out that the CPI will be the highest in the next few years. The report expects the average CPI growth in the second quarter will remain above 5%.

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