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BEIJING, Dec 24 (CEIS): Chinese urban residents are more satisfied with the present prices of goods, but their expectation for future prices remains not optimistic, the latest survey by the People's Bank of China showed recently.
The survey of urban residents with deposits in the fourth quarter showed that the people's satisfactory index of present prices was negative 12.4%, up 0.1 per centage points over the previous quarter.
Among the people surveyed, 24.5% held that "prices are too high to be accepted," down 0.6 per centage points over the previous quarter; 63.4% held that "prices are high but acceptable," up 1.1 per centage points; and 12.1% thought prices were "satisfactory," down 0.5 per centage points but up 1.2 per centage points year on year.
Analysts said the price hikes in China tended to stabilise in the past months, with a dropping growth rate of the housing price and a stabilizing oil price, which resulted in slightly increased satisfaction. Figures released by the National Bureau of Statistics showed that China's consumer price index increased by 0.7%, 0.4% and 0.3%, respectively, in September, October and December over the previous months, and 0.9%, 1.2% and 1.3% year on year.
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