Study predicts CPI could hit 3.11 percent in 2013

China's inflation may increase to 3.11 percent in 2013, up from last year's 2.6 percent, a report on the country's macroeconomic outlook said over the weekend. The global monetary easing will to some extent impose inflationary pressure on China, but the economy is not likely to see serious price hikes this year, said the report, compiled by Xiamen University and the Economic Information Daily, a subsidiary of Xinhua News Agency. The first half of the year will see a relatively loose stance to deal with the uncertainty of the global economy, with the growth rate of M2, a measure of money supply, to reach 15 percent.

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