consumer price

According to Zhang Liqun, a Chinese economist at the Development Research Center, China's gross domestic product growth will likely increase by 9.5% in 2010 which will be mostly helped by strong domestic consumption and corporate investment.

"I expect domestic consumption to grow at a fairly fast pace this year on the back of consistent policies to boost car and owner-occupied home sales," Zhang was quoted as saying by the official China Securities Journal.

Last year Chinese GDP increased by 8.7%.

 A preliminary report on Monday showed that inflation in the euro zone moved above zero in November for the first time in five months. Eurostat, the European Union’s statistical agency, also reported that consumer prices in the euro area rose by 0.6 percent in November from the same month a year earlier.

As full estimates are scheduled to be published on December 16 the detailed report is no available yet.