国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Policies

China's inflation quickens as economy firms

Xinhua | Updated: 2019-05-10 08:42
Share
Share - WeChat
A technician works on the production line of an energy equipment manufacturer in Nantong, Jiangsu province. [Photo by Xu Congjun/For China Daily]

BEIJING - China's consumer prices rose to the highest level in six months while inflation at the factory gates also quickened, reinforcing the view that economic growth is firming up and putting the central bank's policy in focus.

The consumer price index (CPI), the main gauge of inflation, grew 2.5 percent year-on-year in April as tighter supplies of vegetables, pork and fruit drove up food prices, according to data from the National Bureau of Statistics (NBS).

The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in February. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.

Food prices, which account for nearly one-third of the weighting in China's CPI, went up 6.1 percent year-on-year.

Prices of vegetables and fruit went up 17.4 percent and 11.9 percent respectively, from the same period last year.

Affected by African swine fever, the stocks of hogs and breeding sows in China fell sharply, which put upward pressure on pork prices. In April, pork prices rose 14.4 percent year-on-year, driving a rise of 0.31 percentage points in the CPI growth.

Wang Junxun, an official with the Ministry of Agriculture and Rural affairs, said earlier that pork prices would continue to trend upwards, with hog prices likely to smash through the record high seen in 2016 in the fourth quarter.

Growth in pork prices is expected to exceed 70 percent from the previous year in the second half of the year based on expert estimates.

In a research note on the data, Asian financial service group Nomura said it expected the rapid spread of African swine fever to push up pork prices by another 40 percent over the next six months.

It forecast headline CPI growth to breach above 3 percent in some months this year, but said the inflation rise would impose little pressure on the central bank monetary policies as the annual inflation could still be at around 2.5 percent, well below the government target of 3 percent.

The producer price index, which measures inflation at the factory gate, also improved, rising 0.9 percent year-on-year last month after notching its first acceleration in nine months in March, which showed improving market demand.

The data provides fresh evidence that China's economy is stabilizing on government's slew of supporting policies.

On the monetary front, the central bank has continued to use structural tools rather than an across-the-board stimulus to lift the economy. It announced Monday that it would apply a relatively low reserve requirement ratio for some small and medium-sized banks to help cash-strained small businesses.

Looking ahead, Nomura expects the government to undertake further easing to bolster confidence and stabilize growth.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
深水埗区| 兴安县| 新丰县| 平塘县| 嘉义县| 关岭| 庄浪县| 彰化县| 奉节县| 金沙县| 扶沟县| 磐安县| 金门县| 南昌市| 玛曲县| 巧家县| 瑞金市| 临汾市| 晴隆县| 鸡东县| 松潘县| 青州市| 崇仁县| 高雄市| 邹城市| 富川| 桐城市| 泸水县| 太和县| 柯坪县| 庆云县| 绿春县| 乌苏市| 孙吴县| 会同县| 深州市| 界首市| 眉山市| 金昌市| 正宁县| 巍山|