国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

Lower inflation leaves room for energy price hikes

(Agencies)
Updated: 2008-09-10 16:48

The slowdown in the rate of inflation to 4.9 percent in August could persuade the government to further raise energy prices in the coming weeks, according to a research note by Morgan Stanley.

"Consumer inflation dropping below 5 percent strengthens our observation that Chinese policymakers have shifted their focus from preventing overheating and fighting inflation to supporting economic growth," the note said.

"We are convinced that energy price normalization will feature prominently in the post-Olympics policy package, alleviating pressures on the fiscal budget from mounting subsidies," it added.

Morgan Stanley has revised its full year inflation forecast to 7 percent, factoring in further increases in energy prices, it said.

It said that while upstream (PPI) inflation remained relatively high, the pick-up was driven more by higher excavation and manufacturing prices, rather than the rising cost of raw materials.

While domestic oil prices will continue to rise to international levels, the PPI is likely to peak and begin to tail off in the coming months, Morgan Stanley predicted.