Bank expected February CPI up 4.6% year on year

 Bank Financial Research Center released the February CPI forecasts, expected February CPI up 4.6% year on year, or somewhat lower than in January.

Bank of view, especially in the first half of the year is still higher price pressures, inflation risks can not be ignored.

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Future inflation pressure mainly comes from three respects: First, there is still upward pressure on prices of agricultural products. Due to the recent drought in northern food prices expected to continue to increase, coupled with the conduction of international pressure on food prices, increasing pressure on the domestic food prices, prices of cotton and other non-food agricultural products also face continued price pressures. Secondly, after the Spring Festival in various parts of the labor shortage of labor costs have once again proved a long-term trends, how to avoid wage and price spiral into a new test of the government pressure; Finally, the recent turmoil in some Arab countries and other international large boost oil rapid increases in commodity prices, imported inflation caused by high degree of vigilance required.

Despite these inflation pressures, but the price in 2011 under the Road factors also exist. Bank believes that the price run periodic law indicates that the future prices will come down in mid-2011.

Bank to maintain annual CPI rose 4.5% year on year to judge the annual price trends will show a high to low.