Chinese consumers scaled back their expectations of future inflation in the first quarter, a central bank survey of households showed on 16 March, a tentative sign of improvement in an issue that has drawn attention from the nation’s top leadership.
The survey is the only official measure of inflation expectations in China, an issue top leaders are focusing on as headline inflation rates rise. The consumer price index was up 2.7 percent from a year earlier in February, picking up from 1.5 percent in January and the fastest gain since November 2008.
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(Source: The Wall Street Journal Online)