China's consumer price index (CPI) is expected to rise 4.1% per cent in the year ahead

China Citic Investment securities in Thursday said that the annual Chinese consumer Price index (CPI) is expected to reach 4.1% Year-on-year, the year ahead of the high after the low, the peak of about 5%;　　The study, released by the brokerage, said the tail-cutting factor was up 0.8% per cent this year, meaning that the overall inflation platform would be lifted next year, with a four-quarter C pi growth rate of 4.6%, 4.5%, 4.1% and 3.5% respectively.　　For next year's impact on inflation level factors, the report pointed out that because of excessive money delivery caused by inflation expectations, investment channels limited increase the risk of speculation; external shocks see the possibility of weaker dollar next year, and the pressure of external input inflation.　　At the same time, the price of agricultural products is still the important factor that affects China's inflation level next year, among them the pork price is the most unstable factor, the international agricultural product price transmission influence China, but the influence is more moderate, and the impact of extreme weather also deserves vigilance. CITIC Investment securities stressed that the possibility of raising interest rates in December this year is still greater.　　And it is expected that the first half of next year's asymmetric rate hike 2-3 times, one-year deposit rate or up to 3.5%, but not more than 3.75% of the level, negative interest rates are difficult to change. To manage inflation expectations and deal with international hot money inflows, China has been tightening its currency this year, with various regulatory instruments such as interest rates, exchange rates and reserve ratios.